States with no income tax — like Florida, Texas, and Wyoming — are often considered tax-friendly for retirees. These states typically don't tax Social Security benefits, pensions, or retirement account withdrawals, though property and sales taxes may still apply.

August 12, 2024 - Texas hits the sweet spot of being a pretty affordable state while also not imposing any state income taxes, so your pension can last you a long time. The cost of living is lower than the average, and house inflation hasn’t kicked in as hard compared to other states in the country. Texas is surprisingly cost-effective, but the healthcare does leave a lot to be desired. There are honestly so many states in the U.S., each with its own systems, rules, and regulations. So, it’s important to see which state best fits your retirement needs.

Florida: Known for its warm climate, beautiful beaches, and tax advantages, Florida is a popular choice for retirees. Acts offers a variety of communities throughout the state, including locations on the vibrant Gulf Coast and in the “amusing” Orlando area. Pennsylvania: With its rich history, diverse landscapes, and abundance of cultural attractions, Pennsylvania offers a fulfilling retirement experience.

5 days ago - These assume that you, as the retiree, are making qualified withdrawals instead of early withdrawals which would have penalties. Which states are the most ideal to retire in? Which are the worst states to retire in? See the table below and follow this simple key: = Most tax friendly | = Moderately tax friendly | = Least tax friendly ... Social Security income is not subject to state income tax in Alabama. Other retirement income, including pensions and annuities, is taxed as regular income at rates ranging from 2% to 5%. Alabama's state income tax rates range from 2% to 5%, with property tax rates being among the lowest in the country, averaging around 0.4%. Additionally, Alabama offers a homestead exemption for seniors aged 65 and older, which can exempt a portion of their property taxes, potentially covering up to 100% of state property taxes.

July 11, 2025 - Here are a few popular retirement states with lower costs than Hawaii. Colorado: $981,803 to retire; $61,709 annual cost of living · Florida: $977,296 to retire; $61,529 annual cost of living · New Mexico: $834,590 to retire; $55,821 annual cost of living · WalletHub did a recent ranking of best and worst states for retirement.

As of June 2025, CalPERS' income over the last 20 years demonstrates that every dollar spent on public employee pensions comes from the following sources:

January 28, 2025 - That’s important considering the fact that 66% of non-retired adults say their retirement savings aren’t on track. To determine the best states to retire, WalletHub compared the 50 states across 46 key indicators of retirement-friendliness, from financial factors like tax rates and the cost of living to things like access to quality medical care and fun activities.

November 4, 2025 - We should also mention four additional retirement-friendly states: Illinois, Iowa, Mississippi, and Pennsylvania. Though Social Security benefits, pensions, IRA, and 401(k) distributions are tax-exempt in Illinois, a flat 4.95% tax applies to earnings from other sources (e.g., investment income).

October 30, 2025 - Lupo said. South Dakota scored points for its many employed seniors, a strong nursing work force and its top-ranked geriatric hospitals. The 10 best states for retirement and the categories in which they scored highest, and the 10 worst states and the categories in which they scored lowest.

4 weeks ago - How to Add $250 a Month to Your 2026 Budget—Without Earning a Raise · Gulfport, Mississippi. ... Mississippi spares retirement plan distributions, pension income, Social Security income, and military retirement pay from state taxes. Early distributions from retirement plans generally don’t qualify for exempt status.

Answer (1 of 8): Unlimited budget? Probably Hawaii if you want to stay in one place. California might be the best option on the mainland. It has a north to south option as well as other variables to accommodate moving around for seasonal variations. More limited budget? I might consider Tennesse...

4 weeks ago - How to Add $250 a Month to Your 2026 Budget—Without Earning a Raise · Gulfport, Mississippi. ... Mississippi spares retirement plan distributions, pension income, Social Security income, and military retirement pay from state taxes. Early distributions from retirement plans generally don’t qualify for exempt status.

3 weeks ago - While Indiana doesn’t tax Social Security benefits, withdrawals from your IRA, 401(k) account, or pension fund are taxed at the state level. With reasonable housing prices and a lower cost of living than many other regions of the U.S., the Midwest provides you with the financial breathing room to enjoy your retirement years.

That would add up to taxes of $1,200 on that retirement account income—taxes that you wouldn’t have to pay in states like Alaska (which has no income tax) and Mississippi (which exempts retirement account income). Exemptions for pension income are more common.

July 21, 2025 - New Hampshire is the best state for retirement in 2025, while Sun Belt states faded in Bankrate’s latest study.

November 4, 2025 - To identify the best places to retire, U.S. News analyzed data for more than 850 top cities in the U.S. to assess how well they meet Americans' retirement needs and expectations. Below are the top 250 Best Places to Retire among these cities for 2026. Top criteria include quality of life, overall value, tax rates, senior population/migration trends, and health care quality.

Find out how to plan for your Social Security Retirement benefit and what you need to do once you start getting your payment.

4 days ago - Find information for CalPERS retirees related to cost of living, health & Medicare plans, retirement checks, taxes, and working after retirement.