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5 most, 5 least tax-friendly states for retirees

These five states are the best, tax-wise, for retirement and these five are the worst, tax-wise.

By Marlene Y. Satter | Updated on February 21, 2018

Even the best prepared among us can forget to consider certain retirement expenses, and with that in mind, GoBankingRates.com has ranked each state in the country by one expense factor that many do omit from their calculations: the overall taxes paid by retirees.

After all, some states are financially friendlier than others to retirees, exempting some or all of retirement income, while others tax everything and then some.

Additional taxes such as that on personal property, sales tax on purchases, and even the tax rate itself were figured into the equation to come up with where each state in the nation stands when it comes to preserving (or collecting) retirees’ income.

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