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The Most Retirement-Friendly States, Ranked. To identify the most retirement-friendly states, WalletHub analyzed three factors — affordability, quality of life and healthcare — based on 46 ...
24. Texas. State sales and average local tax: 8.20% State tax on Social Security: None Effective property tax: 1.66% Income tax rate (65+): 0% Four of the best cities to retire on $2,000 a month ...
Other worst/most expensive states to retire in include: New Jersey, Hawaii, New Hampshire, Nevada, and Maryland. This article was originally published on Cheapism Cheapism / DALL-E 3
That said, retirees do have quite a few job opportunities in the state if they want to work. There are around 3.6 million people in the state, with 590,000 being 65 or older.
To stretch your retirement savings as far as possible, don't focus solely on where has the lowest rent, the best access to public transportation or the most affordable groceries. Pay attention to...
“Alabama is one of the most tax-friendly states for retirees,” said Shelley. “The state has no taxes on Social Security benefits, pension income or withdrawals from retirement accounts such ...