Choosing the right state to retire is one of the most impactful financial decisions you can make. State income tax treatment of Social Security, pension income, and annuity distributions varies dramatically — and so do property taxes, healthcare costs, and cost of living. Browse our complete 50-state retirement guide to compare your options.
Florida, Texas, Nevada, Wyoming, and South Dakota have no state income tax. Tennessee and New Hampshire tax only investment income. Many other states exempt Social Security benefits or pension income from taxation. Understanding each state's tax rules is essential when choosing where to retire.
Connect with a licensed SafeMoney advisor who specializes in state-specific retirement income planning.