Tax-Friendly and Affordable States for Retirees

Tax-Friendly and Affordable States for Retirees
Although federal taxes are the same, each state has its own taxation laws. alexkich/Shutterstock
Anne Johnson
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When planning your retirement, you might also be considering where you’re going to live. Whether it’s the sunny South or living in the North, where the seasons change, a lot goes into choosing where you will spend the next chapter of your life.

One of those considerations when choosing a location is financial. Taxes are a major factor when deciding. How, then, do you choose which state is the most economical for you?

Tax-Friendly and Affordable States

On the surface, looking for states with no income tax or that don’t tax Social Security may seem like the true barometer. But there are other factors.
Anne Johnson
Anne Johnson
Author
Anne Johnson was a commercial property & casualty insurance agent for nine years. She was also licensed in health and life insurance. Anne went on to own an advertising agency where she worked with businesses. She has been writing about personal finance for ten years.