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18 Best Cities To Retire Where You Won’t Be Taxed on 401(k) or Pension Withdrawals
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Investopedia | Expert Financial Advice and Markets News
Of the top 50 U.S. cities to retire, 18 are located in states with no state tax on retirement income.
Of the 50 top cities to retire in, 18 are located in states that don’t tax your 401(k) or pension withdrawals (or your Social Security benefits, for that matter).
On top of having no state tax on 401(k) and pension withdrawals, it offers a relatively low median county home value of $116,900.
Plan your retirement income withdrawals accordingly.
The Bottom LineNot having to pay state taxes on your 401(k) or pension withdrawals is a big advantage.