- Why Choose Upside
- Upside Manager
- How It Works
- Frequently Asked Questions
- Member Login
Whether it’s to move closer to family or to start a brand new adventure, the idea of moving in retirement might seem appealing. If you’ve lived in one place for most of your adult life, you might want to finally enjoy a change of scenery. But what states are the friendliest to retirees like yourself? What states have the lowest tax burden for seniors? Where can you stretch your dollar further?
While your finances aren’t the only thing to consider when making a move, knowing where you can make your retirement savings stretch further might make your decision a little easier.
When planning a move in retirement, you’re likely looking for better climates, closer proximity to family members, or just a new place to put down roots. And while you might already have some options in mind, we have five more states for you to consider. All of the states in our list have the lowest tax burden to help you maximize your retirement income.
In these states, Social Security benefits are exempt from state income taxes. Most also allow for an exemption for a portion of other retirement incomes, including pensions and IRA withdrawals. Take a look at our list and see which tax-friendly states might appeal to you!
When it comes to relocating in retirement, you have a lot to consider. Luckily, the decision is totally yours! Remember, the goal wherever you decide to live is to make your retirement savings last as long as possible. You can enjoy some much-deserved peace of mind by giving special consideration to the states with the lowest tax burdens for seniors.
Looking to relocate in your retirement? Upside can help you select a perfectly curated apartment that caters to your lifestyle now and as you grow older. Start the conversation with an Upside team member today.
It’s that time of year again — checking the mail for necessary paperwork, digging through boxes for crinkled up receipts and spending hours organizing materials and figuring out the best way to file your taxes. It’s a stressful season for many folks — and one that is not made any easier as we get older. […]
One of the biggest hurdles older adults face when it comes to managing money and planning for their financial future is the rising stack of medical bills. Out-of-pocket costs are a significant expense for those who are 65+, especially those who are retired. This year, make the most of tax season by claiming those medical […]