We rated every state, plus Washington, D.C. on how retirees are taxed. We considered taxes on Social Security and other retirement income, tax exemptions for older residents, and the state’s overall income, property and sales taxes. Relocating in retirement is a rite of passage for many Americans, especially those with warmer climes on their minds. But before you move for better weather, to be closer to the grandkids, or whatever, you should take the temperature of your budget — and how taxes and the cost of living will have a lasting impact in your golden years. Lower housing costs, for example, in a particular state could make your retirement savings last longer. You also need to factor in state and local taxes in your destination location. They will certainly play a role in your bottom line.
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