These are the 10 most tax-friendly states for retirees
March 19, 2015 by Robert Bloink, William H. Byrnes
Every client’s goals are different when it comes to choosing where to retire, but from a tax perspective, there are some clear winners that can allow a client to maximize the value of accumulated retirement savings.
While the client’s lifestyle choices — a desire for an expensive home vs. spending on consumer products, for example — greatly impact the tax system that will provide the most substantial benefits, below is a list of ten of the top states for retirees, from a tax perspective.
A note on residency: For clients seeking to take advantage of some of the property tax exemptions permitted in these states, it’s important to note that they must generally establish residency in the new state in order to be eligible.