15 States That Do Not Tax Retirement Income

Описание к видео 15 States That Do Not Tax Retirement Income

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States vary widely in the way they tax retirement income so location is an important consideration in financial planning for retirement. Some states don’t levy income states on any sort of retirement income, while others tax IRA and 401(k) distributions, pension payouts and even social security payments like ordinary income. Income taxes are just part of the story, however, as some states with low or no income taxes have high property, sales and other taxes. Consider working with a financial advisor when you are planning for retirement to make sure you avoid any unnecessary taxes.

Source: https://smartasset.com/

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