5 Least Tax Friendly States to Retire

Avoid these potential retirement places if taxes are a main concern

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5 Least Tax Friendly States to Retire

While you’re on the lookout for the best places to retire, it’s good to also be aware of the least tax friendly states to retire.

From inheritance taxes to real estate taxes to social security taxes, these states are ranked as the worst for retirees — if finances are an important factor in selecting a retirement destination.

And if you think it’s California or New York making the top of the list, think again. You may be surprised at which states are hankering to take the largest chunk of your retirement money.

The list is culled from Kiplinger’s annual ranking of state tax rates.

Check out the 5 least tax friendly states to retire.


Article printed from InvestorPlace Media, http://investorplace.com/2014/02/5-least-tax-friendly-states-retire/.

©2014 InvestorPlace Media, LLC

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