Nevada
When it comes to your retirement finances, don’t take any chances (or gamble)! This is why, paradoxically, you should consider Nevada. Not only is your pension, 401(k), or IRA guaranteed not to be taxed by the government, but all your income (no matter where it comes from and including social security payments) is not going to be taxed.
To make things better for this state and to make you see things in a different light, they also have no estate or inheritance taxes! And you shouldn’t only think about Las Vegas, as Nevada has a lot more quiet and calm towns where you can spend your golden years!
9 Responses
So much more needs to be considered when deciding where to retire. I have noticed a huge disparity in property taxes from state to state & sometimes towns or counties within the state. Maybe you’re not being taxed on retirement income but would pay a premium on property taxes & medical expenses etc. For example, Florida has no income tax but their property taxes are quite high as are condo dues if you’re living in an HOA. Do your research!
So, if the only income you’ve only received in 2022 was income for SNAP food services, must that be an actual income?
This would be a good article if a person did not have to click through page after page. This all could have fit on one page.
Wow…Texas?
Very very high real estate taxes
thanks for the information it is very useful
What about Kansas?
I thought Florida was one of the states that didn’t tax seniors
Good to know.