Washington
Have you ever wished to move to the great Northwest during retirement? Then there’s no better place than Washington State. With no income tax to stress out about, your savings will last you far longer than in a lot of other places.
Social Security benefits, 401(k), and IRA withdrawals, and your pension will not be taxed at all. With all that extra money in your pocket, you could organize as many trips in the great outdoors as you’d like!
They don’t call it the Evergreen State for nothing. Are you a fan of spending your time in nature and staying active? No better place to retire, then!
Wyoming
We’ve finally come to our last listing! Are you surprised?
Wyoming doesn’t have an income tax, like many other states on this list. But that’s to be expected, especially in the Equality State. Uncle Sam won’t take a share of your pension, Social Security benefits, IRA, or 401(k) distributions.
As you can see, if you’re nearing retirement and don’t think you’d live comfortably and reliably due to your state’s income taxes, perhaps it’s time to pack up your things and find a friendlier place!
Plenty of seniors have done it before and plenty more will continue to do so! Plus, if you were unsure about whether or not you needed to relocate, we hope you found your home state on this list! Hopefully, you’ve put that inner debate to rest and you can rest assured that the government won’t take a share out of your retirement income.
Where do you live? What are your plans? Let us know in the comments down below, we’d love to hear from you!
