10 Great Low-Tax Places to Retire

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To the person who slammed South Carolina - check your facts.

http://www.kiplinger.com/tools/retiree_map/index.html?map=14&state_id=41&state=South%20Carolina

It's interesting that the list of places that are "best" to retire based on taxes are all weather challenged - they either have brutal and long winters or brutal and long summers. The $$ you might save on taxes will be eaten up and more buy utilities.

There is NO perfect place to retire - Hilo HI may be close - but if you have family anywhere in the rest of the US - it takes beau coup time and $$ to get there and back.

So....everyone is entitled to their opinion of what's great - it's just important o understand there are realities that may counter all opinion-based arguments.

informed citizen 2:09PM August 21, 2011

I was going to buy a nice property and build a 3400 sf home in South Carolina until I figured out they want to tax my retirement..shewww close call. I will spend my money elsewhere!

of 3:11PM March 28, 2011

I am going to retire in Pennsylvania, because it is one of only two states (the other is Mississippi) that do not tax ANY kind of pension or Social Security income. And yes, there are some places in the state that are relatively cheap to live in. Just stay away from the big cities and their suburbs, or places in the Poconos.

Some other states exclude some pension income from taxation, and a number of others do not tax SS payments. The sales tax in PA is 6%, but if you live anywhere within driving distance of Delaware, they have no sales tax. Lots of folks in Southeastern PA drive over the border to buy TVs, appliances, etc. Just be aware that PA expects you to voluntarily pay the tax! (Our governor also believes in the Easter Bunny and the Tooth Fairy).

Michael of PA 10:25AM August 04, 2010

Consider Hilo, HI. Or anywhere on the windward side of the Big Island. Property tax reduced twice if you're 65 or older.

RA FORD of HI 1:06AM May 28, 2010

Why? What is it like living 90 miles from the Canadian border in NW MN?

Angie of NC 1:46PM May 18, 2010

My Husband will be retiring next year, I have a small business and would like to move to a nice city with low income taxes and low taxes overall so we can leave in peace and make the most out of our money.

Fabiola

Fabiola Molina of NY 11:56AM April 13, 2010

Is there a search engine out there that can help me evaluate a city for retirement. The list in the article is not that appealing to me. I'll be living by myself so maybe a city with something to do. My friends retired in Las Vegas (Henderson). I'm looking at Montreal, Pheonix, Texas, New Mexico, even Mexico or Panama. Thought, suggestions anyone? Thanks, Warren

Warren W of LA 10:12AM April 09, 2010

I just bought a house today in Gold Canyon, AZ, I don't care if they have a state income tax. Just try living your life 90 miles from the Canadian border in NW MN. I can't wait to retire and get out of here.

Dave of MN 5:00PM December 31, 2009

Check out the property tax in Ms.(65 And older).Sales tax 7%. Income tax non-existent people on retirement income

earl of MS 2:46PM September 29, 2009

royalfuzziness of IL too funny. I just asked my wife the same question as she wanted to move to Montana and get a place with a lake view. I told her why would I want to do that as it's froze over a good part of the year.

Giaco of VA 1:26PM September 29, 2009

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