THE BEST STATES FOR RETIREES

tax deals that make sense for your retirement, across the country

Jeffrey Ingros

SOUTH DAKOTAThere is no state income tax in South Dakota. This means Social Security,

pensions and other forms of retirement income are all tax-free.

MISSISSIPPI Mississippi exempts all forms of retirement income from taxation, including Social

Security benefits, and income tax.

NEVADAThere is no state income tax and you can cash in your retirement plans without

worrying about a big state tax bill.

WYOMINGThere is no state income tax, and the state sales tax is low and the gas tax is 24 cents per gallon,

So, what’s the most affordable state to retire in terms of taxes?

ALASKA!

Alaska has no state sales tax

Anchorage and Fairbanks, two of the state’s largest cities, impose no local sales tax.

Gas tax is just 12 cents a gallon, much less than the national average of 30 cents.

Social Security benefits, retirement plan withdrawals and gains from your investments won’t be nicked by state taxes.

The state sends all permanent residents an annual dividend check from the state’s oil wealth savings account.

The median property tax on the median home value of $254,500 is $2,987. Homeowners 65 and older (or surviving spouses 60 and older) are exempt from municipal property taxes on the first $150,000 of assessed value of their property.

Please read JeffreyIngros.orgTwitter: @JeffreyIngros

FOR MORE INFORMATION