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Author Topic: The 10 LEAST/MOST Tax Friendly States for Retirees.  (Read 429 times)

Gary RV Roamer

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The 10 LEAST/MOST Tax Friendly States for Retirees.
« on: September 16, 2012, 12:36:47 PM »
Note: This was posted previously but got lost when the back-up version of the site was restored.

Kiplinger's, a financial planning/advice company, has published a list of what they consider to be the 10 Least tax friendly states for retirees. Note that this addresses only taxes and typical retiree tax concerns - there may be other reasons for choosing those states and individual financial circumstances can vary widely.

10 Least Tax-friendly States for Retirees

10 MOST Tax-friendly States for Retirees

Or for a more comprehensive look:
State-by-State Tax Guide for Retires
Gary
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Ned

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Re: The 10 LEAST/MOST Tax Friendly States for Retirees.
« Reply #1 on: September 16, 2012, 03:47:38 PM »
Tax-friendly for retirees doesn't necessarily equate to best choice for an RVer domicile.  There are other costs to consider beside taxes.
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Wendy

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Re: The 10 LEAST/MOST Tax Friendly States for Retirees.
« Reply #2 on: September 16, 2012, 05:40:32 PM »
The report lists Oregon as an unfriendly state for retirees but for us, it looks like a good choice, better than our current residence state Colorado which is listed as tax-friendly. There are a lot of things to consider. For us, the type of income is important. And since we're looking at new RVs, a state without sales tax is very attractive. Plus, there are states that give benefits to veterans so we try to take that into consideration. Plus vehicle registration and insurance costs. So much to consider.
 
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Pierat

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Re: The 10 LEAST/MOST Tax Friendly States for Retirees.
« Reply #3 on: September 16, 2012, 06:31:59 PM »
Their list of best cities to retire lists Corvallis, Oregon, as number two.

Everyone has different requirements, so these "best" lists are really subjective. We are eventually planning to live in a continuing care retirement community, which means that we won't own real property (usually an initial payment buys a "life lease"). So, for us, property taxes won't mean anything (at least, directly), but we will be concerned more with medical care, transportation, sales taxes, and other living costs (including vehicle costs like licenses and registrations). As a side note, for RVers who drive a big rig, there's also the requirement in some states to pass an additional test for an operator's license.
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