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When it comes to retirement, where you live matters



When it comes to retirement, where you live matters 
By: Beverly Terrill (c) - FacingRetirement.com

How much you will pay in taxes in retirement depends a lot on where you live.
New research from personal finance website GOBankingRates compiles data on sales, property and income taxes, as well as whether Social Security benefits are taxed, to identify the states where retirees face the smallest and biggest bills.

One thing that the states that landed at the top of the list have in common: no state taxes on Social Security benefits and mostly low, if any, income taxes.

Most tax-friendly states

1 Alaska


2 Wyoming


3 Delaware


4 New Hampshire


5 Washington


6 Nevada


7 Florida


8 South Dakota


9 Tennessee


10 Hawaii