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Taxes in Retirement: How All 50 States Tax Retirees

June 19, 2021

From the Kiplinger website

Relocating in retirement is a rite of passage for many Americans, especially those with warmer climes on their minds. 

But before you move for better weather, to be closer to the grandkids, or whatever, you should take the temperature of your budget — and how taxes and the cost of living will have a lasting impact in your golden years. Lower housing costs, for example, in a particular state could make your retirement savings last longer. 

You also need to factor in state and local taxes in your destination location. They will certainly play a role in your bottom line. 

So where does your current state and destination state fit in? We’ve ranked all 50 states, plus the District of Columbia, based on how they tax retirees.

From → Finance

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