Secluded Vacation

Choosing the best retirement state involves many factors. Be careful if you base your choice on one criteria.

Five states do not have sales tax, seven states do not tax income. One state has neither tax…that is Alaska. If warm weather is a deciding factor you may not care about Alaskan taxes…or lack thereof.

The cost of living in Alaska is high. Why?…almost every consumer good is trucked in from the lower forty eight states. No sales or income tax…great but it does give you the total picture in choosing a place to retire.

If you do have a high retirement income you should look at Texas or Florida…all else being equal. Lots of wealthy retirees in those two states.

If Social Security is your sole source of income you may be interested in finding out which states tax SS income. There are thirty four states that do not tax Social Security benefits.

There are other factors to consider when choosing the best place to retire, such as:

1) Medical care…is it adequate?

2) Is the family close…or is it far enough away?

3) Cultural activities

4) Are there venues for your outdoor activities?  Read more...