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Retirement News
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Best and Worst States to Retire in 2025
So many decisions factor into finding the best places to retire. Gathering the most critical data from all states and then analyzing the numbers takes days to accomplish. So, we surveyed 1,000+ individuals across the U.S. and analyzed 13 points of government data to find the best and worst states for retirement.
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Taxes in Kentucky
Home » Taxes By State Updated: Kentucky lowered its income tax rate in 2023 but expanded its sales tax to include 34 more service categories. Below, we explain various Kentucky state taxes affecting retirement income, such as sales tax, inheritance tax, and property taxes. For information regarding taxes in other states, see Retirement Taxes by…
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Taxes in New York
Home » Taxes By State Updated: New York state taxes favor the middle-class, but New York City residents might incur higher fees. Below, we explain various New York state taxes affecting retirement income, such as sales tax, inheritance tax, and property taxes. For information regarding taxes in other states, see Retirement Taxes by State. New…
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Taxes in Michigan
Home » Taxes By State Updated: Social Security and military pensions are exempt in Michigan, but other retirement income is taxed based on your birth year. Municipalities can tack on their own income tax (this includes non-residents). Below, we explain various Michigan state taxes affecting retirement income, such as sales tax, inheritance tax, and property…
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Taxes in Minnesota
Home » Taxes By State Updated: Minnesota’s top income tax bracket is incredibly high, but retirees can deduct some of their income to lessen the burden. Below, we explain various Minnesota state taxes affecting retirement income, such as sales tax, inheritance tax, and property taxes. For information regarding taxes in other states, see Retirement Taxes…
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Taxes in Mississippi
Home » Taxes By State Updated: At 7%, Mississippi’s sales taxes are the second-highest in the nation (California levies a 7.5% fee). But low property taxes help balance the burden. Below, we explain various Mississippi state taxes affecting retirement income, such as sales tax, inheritance tax, and property taxes. For information regarding taxes in other…
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Taxes in Missouri
Home » Taxes By State Updated: The overall tax rating for Missouri is mixed. Major taxes, like income, property, and sales taxes, are about average. However, several localities tack on a steep sales tax, pushing an average tax rate into extreme territory. Below, we explain various Missouri state taxes affecting retirement income, such as sales…