Introduction
When preparing for retirement, Americans often find themselves debating a change in location. Whether it is based on family, weather, or something else, many people move across state lines for their retirement. However, one consideration people fail to consider when debating their move is what retirement tax is in place in the state.
There are various forms of taxes that are in play when approaching retirement, including: taxes (if any) on Social Security benefits, capital gains taxes, property taxes, and estate taxes. These differences are key when retirees have income from Social Security, IRAs, 401(k)s, pensions, dividends, and wages.
Some of the best states for retirement taxes include Florida, synonymous with retirees, Nevada, Alaska, Georgia, and more.
Learn for yourself about retirement taxes by state by scrolling the charts.
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