States that DON'T Tax Social Security or Retirement Pensions | Which State Should you Retire in

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For those thinking about retirement, the idea of living on a fixed income is often overwhelming. So, living in a place that you can afford in the long run is a big deal. Most states tax either social security or retirement pension income that is not earned by government employees; however, some states don't. In this video we will highlight the states that 1) don't have an income tax and 2) have elected not to tax social security and retirement pensions.

This doesn't mean these state are all cheap, but if you have more fixed costs or less taxes this can help you successfully plan and budget for retirement. For those asking where should I retire, I would really do more than just look at these states. There is really more to consider than just how your finances will be taxed. If you are wanting some ideas on great places to retire, check out this video: