Best Tax-Friendly States For Retirees

List points out the best states when considering both financial and lifestyle for retirees

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#1: Arizona
State Income Tax: 2.59% to 4.54%
State Sales Tax: 5.6%
While other states such as Alaska and Wyoming are better places to retire from a strictly tax perspective, there is simply no denying Arizona’s charm for retirees. Some of the country’s most beautiful spa retreats and golf courses are scattered across the state. Its low personal income tax rate makes it a good choice, and Social Security benefits are exempt, along with up to $2,500 of certain retirement income.
And when considering its dry climate and red rock vistas, Arizona tops our list as the best place for retirees when considering lifestyle and taxes.


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/top-tax-friendly-states-to-retire/.

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