10 Places for Seniors to Retire and Pay Less in Taxes

ADVERTISEMENT

One of the largest concerns for retirees is taxes, especially when you want to keep as much of your hard-earned money as you can, and not hand it all over to Uncle Sam. Today, we want to answer the question: “is there really a tax haven where you can enjoy your retirement and shield as much money as you can from the government?” Whether you’re living off of a pension, Social Security, or other retirement savings, we’ve come up with a list of 10 places where you can retire and experience great tax benefits in your golden years.

Seniors have a great list of options, both in and out of the States, and we’ve done all of the research. Here’s a list of the best areas to retire if you want to save on taxes — from Florida to Uruguay, there’s a destination for everyone.

1. Alaska

Image Source: Pinterest.com

Love colder weather and want a winter playground? That’s Alaska, and it’s perfect for retirees. The climate may come as a bit of adjustment as it’s cold for a good part of the year, but this also providers ample opportunity to enjoy boating, skiing, hunting, and other outdoor recreation options. You won’t be bored in Alaska, and you won’t be hit with many taxes either. Alaska doesn’t have an income or sales tax, plus it doesn’t tax pension or Social Security income either. You can get an additional benefit to retiring in Alaska: once you’re a permanent Alaskan resident, you’ll start to receive a yearly check for the state’s oil production profits.

ADVERTISEMENT

Next >>