10 Best Tax States for Retirees: Maximize Your Savings

Key Highlights:

• Bright Advisers specialises in personalised financial planning focused on tax efficiency for families and retirees.
• Effective tax planning can significantly enhance retirement savings and financial well-being.
• Mississippi is noted for exempting Social Security benefits from taxation and has low property tax rates.
• Tennessee does not tax Social Security income, providing financial freedom for retirees.
• Florida offers no state income tax, allowing retirees to maximise their retirement funds.
• Wyoming does not tax retirement funds and has low property tax rates, making it attractive for retirees.
• Nevada has no state income tax and low property taxes, enhancing financial flexibility for retirees.
• South Dakota provides no taxation on retirement earnings and low property taxes, promoting a comfortable lifestyle.
• Alaska offers no state income tax and provides annual dividend payments to residents, boosting disposable income.
• Iowa features exemptions on Social Security and retirement income, along with favourable property tax rates for seniors.
• Pennsylvania exempts Social Security and retirement account withdrawals from state tax, enhancing financial stability for retirees.

Introduction

Navigating the complexities of retirement can feel overwhelming, especially when it comes to understanding how taxes affect your hard-earned savings. For retirees aiming to enhance their financial well-being, the choice of state plays a crucial role in shaping their tax burden and overall quality of life.

Imagine if you could find a place that not only eases your financial worries but also enriches your retirement experience. This article explores the ten best tax states for retirees, showing how thoughtful planning can lead to significant savings. With so many options out there, how can you pinpoint the perfect location that aligns with your financial goals while ensuring a peaceful retirement?

We’re here for you, ready to help you navigate this journey together.

Bright Advisers: Personalized Financial Planning for Tax Efficiency

At Bright Advisers, we understand that [financial planning](https://brightadvisers.com/10-best-tax-free-investments-for-young-families-financial-growth) can feel overwhelming, especially for families trying to navigate the complexities of taxes. That’s why we focus on customized financial strategies that prioritize [tax efficiency](https://brightadvisers.com/10-essential-tax-tips-for-self-employed-young-parents), helping you manage the intricate [tax implications tied to your investments](https://brightadvisers.com/?p=11049) and retirement funds.

Imagine if you could optimize your savings while effectively managing your tax liabilities. With our advanced technology and a dedicated team of multidisciplinary advisors, we craft that align with your family’s financial goals. This tailored approach is especially beneficial for those in retirement, as it helps them identify the best tax states for retirees to strategically manage various income sources and maintain their desired lifestyle.

Our financial planners emphasize the importance of a well-structured tax plan. In addition to comprehensive services like risk management and estate planning, understanding the best tax states for retirees can significantly enhance your retirement savings. This way, you can enjoy your golden years without the stress of excessive taxation weighing you down.

As trends in tax-efficient financial planning evolve, we remain committed to keeping families like yours equipped with the latest strategies to [maximize your financial well-being](https://brightadvisers.com/?p=13809). Matthew Eilers, one of our caring financial advisers, shares, “The sooner you can plan for taxes, the more efficient your retirement plan will be.”

With anticipated changes in tax laws for 2025, it’s crucial to stay informed and adapt your strategies accordingly. Together, we can navigate this journey, ensuring you’re well-prepared to face the financial landscape ahead. Remember, we’re here for you every step of the way.

Mississippi: The Most Tax-Friendly State for Retirees

Imagine a place where your hard-earned savings can stretch further, allowing you to focus on what truly matters – your family. Mississippi is considered one of the [best tax states for retirees](https://kiplinger.com/retirement/601814/most-tax-friendly-states-for-retirees), as it offers a warm embrace with its exemption of Social Security benefits from taxation and favorable treatment of retirement account withdrawals. With a low flat income tax rate of just 4.4% on income exceeding $10,000, set to decrease to 4% by 2026, it’s no wonder this state is regarded as one of the best tax states for retirees, as it truly understands the importance of [maximizing your savings](https://brightadvisers.com/?p=11594).

But that’s not all. With a [median property tax rate](https://visionretirement.com/articles/retirement/most-tax-friendly-states-for-retirees) of only $1,189, Mississippi is among the best tax states for retirees, significantly lower than the national average. This makes it an appealing choice for those looking to stretch their retirement budgets. Picture this: some retirees may even pay no property taxes at all if their property value is $75,000 or less and they meet specific criteria. These tax benefits create a nurturing environment for individuals seeking [financial relief](https://brightadvisers.com/10-tax-saving-options-in-usa-for-young-families-to-maximize-savings) and a comfortable lifestyle in the best tax states for retirees.

Take, for instance, the journey of clients Allison and Brian. With the compassionate , they optimized their tax situation through thoughtful planning. By tapping into the tax benefits available in regions like Mississippi, they not only improved their wealth accumulation potential but also found peace of mind. This newfound clarity allowed them to focus on what truly matters – spending quality time with their loved ones.

Together, we can [navigate this journey](https://brightadvisers.com/?p=12920) toward financial security. Mississippi isn’t just a state; it’s a community that supports your family’s dreams and aspirations. Let’s explore how you can benefit from these opportunities and create a brighter future for your family.

Tennessee: No Tax on Social Security Income

Tennessee stands out as one of the [best tax states for retirees](https://kiplinger.com/retirement/602202/taxes-in-retirement-how-all-50-states-tax-retirees), particularly because it doesn’t tax Social Security benefits. This thoughtful policy allows those who have stepped away from work to keep more of their hard-earned money, which is crucial for enjoying a fulfilling retirement. As we look ahead to 2025, Tennessee continues to offer this supportive tax environment, with [no tax on earned wages](https://kiplinger.com/retirement/602202/taxes-in-retirement-how-all-50-states-tax-retirees), making it even more appealing for those in their golden years.

Imagine being able to enjoy your Social Security benefits without the burden of local taxes. This freedom lets individuals in Tennessee allocate more of their resources toward leisure activities, healthcare, and other essential expenses. For those on fixed incomes, this financial independence is a game changer, helping them manage their budgets with greater ease.

Financial experts emphasize that living in the best tax states for retirees, which do not tax Social Security, can significantly enhance their [financial well-being](https://kiplinger.com/retirement/602202/taxes-in-retirement-how-all-50-states-tax-retirees). The combination of a friendly tax climate and a low cost of living makes Tennessee one of the best tax states for retirees looking to maximize their retirement savings. As more retirees uncover these benefits, Tennessee’s status as one of the best tax states for retirees continues to grow, making it a top choice for securing a stable financial future.

Consider the story of Allison and Brian, clients of Bright Advisers. Their journey illustrates the powerful impact of smart tax planning in Tennessee. Despite their substantial earnings, they were initially unaware of the financial opportunities slipping through their fingers due to a lack of strategic tax planning. With the of Bright Advisers, they refined their tax situation, ensured their children’s educational future, and found the possibility of retiring sooner. By weaving [tax optimization](https://brightadvisers.com/?p=13218) into their overall financial strategy, they discovered the peace of mind that comes with financial security, allowing them to cherish more quality moments with their loved ones.

Together, we can navigate this journey toward a secure financial future. If you’re looking to explore how Tennessee’s tax benefits can work for you, we’re here for you.

Florida: No State Income Tax for Retirees

Imagine enjoying your retirement in a place where your hard-earned money goes further. Florida is considered one of the [best tax states for retirees](https://valuedwealth.com/blog/florida-tax-advantages-for-retirees-seniors) because of its incredibly tax-friendly environment. With , you can savor your pensions, Social Security benefits, and other retirement funds without the burden of state taxes. This welcoming policy not only leads to significant savings but also attracts many retirees, drawn by the state’s warm climate and vibrant lifestyle.

It’s important to understand how this absence of state taxation can empower you. Financial consultants emphasize that it allows individuals to [maximize their take-home earnings, enhancing overall financial flexibility](https://brightadvisers.com/10-essential-steps-for-family-financial-planning-success). Many who relocate to Florida often share stories of newfound financial security, as they can allocate more of their income towards living expenses, savings, or investments.

Consider the real-life experiences of those who have made the move. Numerous retirees cite Florida as one of the best tax states for retirees, due to its favorable tax system being a key factor in their decision to relocate. The lack of state income tax on retirement distributions, including withdrawals from 401(k)s and IRAs, further highlights Florida’s appeal, positioning it among the best tax states for retirees who want to optimize their retirement income.

Take, for instance, the journey of clients Allison and Brian. Through their partnership with Bright Advisers, they were able to [refine their tax situation](https://brightadvisers.com/10-best-tax-planning-strategies-for-young-families-financial-success), secure their children’s future through education funding, and even retire sooner than they had imagined. Their story is just one of many that illustrate how Florida is considered one of the best tax states for retirees, significantly enhancing financial well-being for older adults.

Together, we can navigate this journey towards a more secure and fulfilling retirement. Florida offers not just a place to live, but a chance to thrive financially.

Wyoming: Low Tax Burden and No State Income Tax

Wyoming is considered one of the best tax states for retirees who are looking to enjoy significant tax benefits. Imagine being able to keep more of your hard-earned savings, especially during retirement. In 2025, Wyoming is recognized as one of the best tax states for retirees, as it does not tax retirement funds, including 401(k)s, IRAs, pensions, and Social Security benefits. This friendly tax environment is paired with some of the in the country, averaging just 0.55%. Picture living comfortably in Wyoming while taking advantage of these low taxes, allowing your savings to stretch even further.

Financial experts highlight how appealing Wyoming’s tax system is, as it is considered one of the best tax states for retirees due to the absence of local taxes, which greatly enhances their financial well-being. This is especially beneficial for those on fixed incomes, as it eases the burden of high taxes. Plus, in the best tax states for retirees, a low sales tax rate of 4% makes managing your budget much simpler for those who are no longer working.

Real-life stories showcase the benefits of retiring in Wyoming. Many individuals who have stepped back from their careers share their positive experiences, emphasizing how living in one of the best tax states for retirees has allowed them to enjoy a richer quality of life without the financial stress often associated with retirement. The combination of low taxes and Wyoming’s stunning natural beauty, along with abundant outdoor activities, positions it among the best tax states for retirees looking for a financially sustainable retirement.

Nevada: Tax-Friendly with No State Income Tax

Imagine a place known as one of the best tax states for retirees, where your hard-earned money goes further, especially during retirement. Nevada is considered one of the best tax states for retirees due to its lack of local tax on earnings. This means you can keep your full Social Security benefits and other pension funds, including pensions and withdrawals from retirement accounts, without worrying about local taxes. Such a tax structure can position a location among the best tax states for retirees, leading to substantial savings over time and enhancing your financial flexibility and security during retirement.

In addition to the absence of state income tax, Nevada boasts some of the lowest property tax rates in the nation, averaging around 0.49% for owner-occupied homes. This further decreases the overall cost of living, making it easier for those who have stopped working to manage their finances. Many individuals have reported significant savings by relocating to Nevada, allowing them to stretch their retirement funds further.

Financial advisors often highlight the advantages of Nevada’s fiscal atmosphere. The lack of estate and inheritance levies simplifies wealth transfer to beneficiaries, offering reassurance for those concerned about legacy planning. As one retirement planner shared, “This tax benefit can help you further stretch your retirement savings, allowing for more financial freedom during your retirement.” With its combination of and a vibrant lifestyle, filled with stunning natural landscapes and a variety of recreational activities, Nevada is considered one of the best tax states for retirees looking for a comfortable and financially sound retirement.

It’s important to understand that while Nevada imposes no tax on earnings, federal taxes still apply to retirement funds. This is something to consider when planning your finances. Remember, we’re here for you, and together, we can navigate this journey toward a secure and fulfilling retirement.

South Dakota: No State Income Tax and Low Property Taxes

Imagine enjoying your retirement without the burden of heavy taxes. South Dakota is regarded as one of the best tax states for retirees, providing an exceptionally advantageous tax environment with no taxation on retirement earnings, including Social Security and pension benefits. This means you can keep more of what you’ve earned, greatly enhancing your financial security during this important phase of life.

For instance, retirees in South Dakota can withdraw funds from 401(k)s and IRAs without facing local levies. This is a significant advantage compared to many other regions. Alongside the absence of income tax, South Dakota boasts low property taxes, currently averaging just 0.99%. Given the region’s median home prices, which are 14% below the national average, this combination of tax benefits leads to a lower overall cost of living. It makes it easier for older individuals to stretch their savings further.

Furthermore, South Dakota does not impose state estate or inheritance taxes. This allows seniors to transfer their assets without incurring additional tax liabilities, which is a considerable benefit for estate planning.

Real-life stories illustrate how retirees are maximizing their savings in South Dakota. Many have shared that the financial relief from not paying income tax enables them to allocate more funds toward leisure activities, travel, and healthcare, significantly enhancing their quality of life. For example, retirees have expressed that they can travel more often and invest in their health thanks to the savings from the state’s tax policies. Plus, the region’s strong healthcare system, especially in cities like Sioux Falls, ensures that seniors have access to essential services without the burden of high taxes.

As we look ahead to 2025, South Dakota continues to uphold its tax-friendly reputation, with no changes to its favorable tax policies on the horizon. This stability is crucial for those planning their financial futures, allowing for predictable budgeting and long-term financial planning. Overall, South Dakota is ranked among the best tax states for retirees because of its combination of no tax on earnings, low property taxes, and the absence of estate or inheritance taxes, along with a supportive healthcare system, making it an appealing destination for those looking to maximize their savings and enjoy a comfortable lifestyle.

Just like clients Allison and Brian, who, with the guidance of Bright Advisers, optimized their tax situation and secured their financial future, you too can benefit from effective tax planning. Together, we can navigate this journey toward a .

Alaska: No State Income Tax and Dividend Payments

Alaska is considered one of the best tax states for retirees, as it offers a unique combination of no local earnings tax and no sales tax. This means that older adults can keep more of their hard-earned money from pensions, Social Security, and investments, which significantly boosts their disposable income. Imagine receiving annual dividend payments from the Alaska Permanent Fund – over 600,000 eligible Alaskans will receive a payment of $1,000 in 2025. This financial boost can help ease living costs, making it simpler for older individuals to manage their budgets effectively.

The Permanent Fund Dividend (PFD) plays a crucial role in reducing poverty rates among vulnerable groups, including seniors and rural Indigenous communities. Without the PFD, poverty rates for seniors would have surged by one-third, underscoring its . Furthermore, the PFD has been shown to lower the number of Alaskans living below the federal poverty threshold by at least 20% each year.

Financial analysts highlight that the combination of no state income tax and the PFD positions this state among the best tax states for retirees. This structure not only enhances the quality of life for seniors but also encourages them to engage in local activities, like fishing and gardening, which can further reduce living expenses. Overall, Alaska is among the best tax states for retirees, as its tax benefits and dividend distributions make it an appealing choice for those looking to maximize their savings and enjoy a fulfilling lifestyle.

Consider Allison and Brian, who worked with Bright Advisers to improve their tax situation through thoughtful planning. Just like them, individuals in Alaska can take advantage of these benefits to secure their financial future. By incorporating effective tax planning strategies, families can not only maximize their savings but also ensure education funding for their children and potentially retire sooner, achieving peace of mind and quality time with loved ones. We’re here for you, ready to help you navigate this journey together.

Iowa: Favorable Property Tax Rates for Retirees

Iowa truly shines as one of the best tax states for retirees, particularly due to its appealing property tax rates and exemptions. Imagine living in a place where the median property tax bill is under $2,800-this makes it much easier for those on a fixed income to manage their finances. Even more heartening is the fact that Social Security benefits are exempt from state taxes, allowing seniors to keep more of their hard-earned money.

For those aged 65 and older, there’s a wonderful opportunity to apply for a property tax exemption worth $3,250 for the current assessment year. This amount doubles to $6,500 in the following years, significantly easing their tax burden. Plus, this exemption comes on top of the existing homestead tax credit, providing even more financial relief for our older adults.

Recent updates indicate that Iowa, recognized as one of the best tax states for retirees, has introduced a flat income tax rate of just 3.8%, one of the lowest in the nation. This rate applies to all income, including retirement benefits, which is why it is considered one of the best tax states for retirees, making it easier for seniors to thrive. This thoughtful approach aims to keep older individuals in the community and encourages them to invest in their local surroundings.

Real-life stories illustrate how retirees in Iowa are successfully managing their expenses by taking advantage of these tax benefits. For instance, clients like Allison and Brian, who sought guidance from Bright Advisers, were able to optimize their tax situation through tailored strategies. They secured their children’s future with education funding and found peace of mind in their financial security.

As financial advisors often emphasize, these tax exemptions not only help seniors maintain their financial well-being but also nurture a vibrant community where seasoned individuals can share their wisdom and guide younger generations. Together, we can navigate this journey toward a .

Pennsylvania: Tax Exemptions on Retirement Income

Pennsylvania is considered one of the best tax states for retirees, as it offers full exemptions on Social Security benefits and withdrawals from retirement accounts like pensions, 401(k)s, and IRAs from state tax. This thoughtful tax structure allows seniors to keep more of their hard-earned income, which can greatly enhance their financial stability. As we look ahead to 2025, Pennsylvania remains committed to supporting retirees by maintaining these crucial exemptions, essential for effective retirement planning.

Imagine the relief of knowing that your financial burdens are eased. Pennsylvania also provides a Property Tax/Rent Rebate Program, offering eligible seniors rebates between $380 and $1,000. This initiative further lightens the financial load, allowing retirees to focus on what truly matters.

Consider the story of Allison and Brian, who experienced a remarkable transformation through tax optimization. With the expert guidance of Bright Advisers, they unlocked their financial potential through comprehensive tax planning, directly benefiting from Pennsylvania’s favorable policies. By optimizing their tax situation, they not only secured their children’s future through education funding but also gained the freedom to retire sooner. This journey highlights how Pennsylvania, being one of the best tax states for retirees, offers tax exemptions that can significantly improve the quality of life and enable them to cherish more moments with their loved ones.

Together, we can navigate this journey toward a secure and fulfilling retirement. With the right support and planning, you can enjoy the peace of mind that comes from knowing your is in good hands.

Conclusion

Maximizing savings during retirement is essential for enjoying a comfortable and fulfilling lifestyle. Imagine being able to stretch your hard-earned income further, allowing you to focus on what truly matters. This article highlights the ten best tax states for retirees, showing how thoughtful financial planning can make a real difference in your retirement savings.

It’s important to understand the tax benefits and exemptions available in states like Mississippi, Tennessee, and Florida. By doing so, retirees can make informed decisions that help them keep more of their income. For instance, states like Florida and Wyoming don’t impose state income taxes, while Tennessee and Pennsylvania offer favorable treatment of Social Security benefits. Each state presents unique advantages, from low property tax rates to exemptions on retirement income, all of which can ease financial burdens.

The stories of retirees who have successfully navigated these tax landscapes remind us of the importance of personalized financial planning. They show that with the right strategies, financial security and peace of mind are within reach.

Ultimately, choosing the right state for retirement is a decision that can significantly impact your quality of life. As tax laws evolve, staying informed and adapting your financial strategies is crucial. Embracing the opportunities offered by tax-friendly states can lead to a more secure and enjoyable retirement. We encourage retirees to consult with financial experts who can help explore tailored strategies that maximize savings and enhance your golden years.

Frequently Asked Questions

What is the focus of Bright Advisers in financial planning?

Bright Advisers focuses on personalized financial strategies that prioritize tax efficiency, helping families manage the complex tax implications of their investments and retirement funds.

How does Bright Advisers help families with retirement planning?

They craft customized strategies that align with families’ financial goals, particularly helping retirees identify the best tax states to manage various income sources and maintain their desired lifestyle.

Why is a well-structured tax plan important according to Bright Advisers?

A well-structured tax plan can significantly enhance retirement savings and help individuals enjoy their retirement without the burden of excessive taxation.

What are some tax benefits of living in Mississippi for retirees?

Mississippi exempts Social Security benefits from taxation, offers favorable treatment of retirement account withdrawals, and has a low flat income tax rate of 4.4%, which will decrease to 4% by 2026. Additionally, the median property tax rate is only $1,189, and some retirees may pay no property taxes at all if their property value is $75,000 or less.

What makes Tennessee a favorable state for retirees regarding taxes?

Tennessee does not tax Social Security benefits and has no tax on earned wages, allowing retirees to keep more of their income, which enhances their financial independence and ability to manage budgets.

How can tax planning impact retirees’ financial situations according to the article?

Effective tax planning can help retirees optimize their tax situations, improve their wealth accumulation potential, and provide peace of mind, allowing them to focus on spending quality time with loved ones.

What should retirees be aware of regarding anticipated changes in tax laws?

Retirees should stay informed about anticipated changes in tax laws for 2025 and adapt their financial strategies accordingly to ensure they are prepared for the evolving financial landscape.

List of Sources

1. Bright Advisers: Personalized Financial Planning for Tax Efficiency

• Six Warren Buffett Quotes Every Retiree Should Live By (https://kiplinger.com/retirement/happy-retirement/warren-buffett-quotes-every-retiree-should-live-by)
• Two-Thirds of Americans Say Their Financial Planning Needs Improvement (https://news.northwesternmutual.com/2023-07-24-Two-Thirds-of-Americans-Say-Their-Financial-Planning-Needs-Improvement)
• A Tax Strategy Now Helps Make Retirement Less Expensive Later (https://kiplinger.com/retirement/a-tax-strategy-now-helps-make-retirement-less-expensive-later)
• 14 Must-Know Retirement Stats For 2025 – Carry (https://carry.com/learn/retirement-stats)
• 27 eye-opening financial planning statistics (https://contentsnare.com/financial-planning-statistics)

2. Mississippi: The Most Tax-Friendly State for Retirees

• New Study: This Is the No. 1 Most Tax-Friendly State for Retirees (https://rd.com/article/most-tax-friendly-state-for-retirees-2025)
• The Most Tax-Friendly States for Retirees (https://visionretirement.com/articles/retirement/most-tax-friendly-states-for-retirees)
• Ten Tax-Friendly States for Retirees in 2025 (https://kiplinger.com/retirement/601814/most-tax-friendly-states-for-retirees)

3. Tennessee: No Tax on Social Security Income

• Retirement Taxes: How All 50 States Tax Retirees (https://kiplinger.com/retirement/602202/taxes-in-retirement-how-all-50-states-tax-retirees)

4. Florida: No State Income Tax for Retirees

• Ten Tax-Friendly States for Retirees in 2025 (https://kiplinger.com/retirement/601814/most-tax-friendly-states-for-retirees)
• How Florida’s No State Income Tax Policy Affects Your Financial Planning | Independent Financial Services (https://ifstampabay.com/how-floridas-no-state-income-tax-policy-affects-your-financial-planning)
• Florida Tax Advantages for Retirees & Seniors – Valued Wealth Management (https://valuedwealth.com/blog/florida-tax-advantages-for-retirees-seniors)
• Retirement Taxes in Florida: What to Know in 2025 (https://raisin.com/en-us/retirement/retirement-taxes-in-florida)
• Retirement Taxes: How All 50 States Tax Retirees (https://kiplinger.com/retirement/602202/taxes-in-retirement-how-all-50-states-tax-retirees)

5. Wyoming: Low Tax Burden and No State Income Tax

• Wyoming taxes for retirees: What to Know in 2025 | Raisin (https://raisin.com/en-us/retirement/retirement-taxes-in-wyoming)
• Wyoming Is America’s Least-Populated State. Here’s How It Became A Top 3 Destination To Retire In | Bankrate (https://bankrate.com/retirement/wyoming-a-top-place-to-retire)

6. Nevada: Tax-Friendly with No State Income Tax

• Taxes in Nevada for Retirees: What To Know in 2025 | Raisin (https://raisin.com/en-us/retirement/retirement-taxes-in-nevada)
• Is Nevada Tax Friendly for Retirees? A Guide for Young Families – Bright Advisers (https://brightadvisers.com/is-nevada-tax-friendly-for-retirees-a-guide-for-young-families)

7. South Dakota: No State Income Tax and Low Property Taxes

• South Dakota Retirement Taxes: Pros and Cons (https://raisin.com/en-us/retirement/retirement-taxes-in-south-dakota)
• Is South Dakota a Great Place to Retire in 2025? Key Benefits (https://amerifreight.net/blog/is-south-dakota-a-good-place-to-retire)
• Retirement Taxes: How All 50 States Tax Retirees (https://kiplinger.com/retirement/602202/taxes-in-retirement-how-all-50-states-tax-retirees)

8. Alaska: No State Income Tax and Dividend Payments

• Poverty & Public Policy | PSO Journal | Wiley Online Library (https://onlinelibrary.wiley.com/doi/full/10.1002/pop4.398)
• Why Retiring in Alaska Could Be Your Smartest Financial Move Yet (https://investopedia.com/why-retiring-in-alaska-could-be-smart-financial-move-11702731)
• Department of Revenue Announces
  2025 Permanent Fund Dividend Amount (https://dor.alaska.gov/department-of-revenue/news-detail/2025/09/22/department-of-revenue-announces-2025-permanent-fund-dividend-amount)
• Ak DRB > PERS & TRS Defined Benefit Retirement Plan (https://drb.alaska.gov/employee/dbrplan.html)

9. Iowa: Favorable Property Tax Rates for Retirees

• ACT NOW: Iowa Seniors Should Apply for Property Tax Relief Today! – NFIB (https://nfib.com/news/news/act-now-iowa-seniors-should-apply-for-property-tax-relief-today)
• Ten Tax-Friendly States for Retirees in 2025 (https://kiplinger.com/retirement/601814/most-tax-friendly-states-for-retirees)
• Older Iowans can apply for new property tax exemption until July 1 (https://states.aarp.org/iowa/property-tax-exemption)
• (https://iowaabi.org/news/business-monthly/story/iowa-s-tax-policy-reforms-support-life-after-career)

10. Pennsylvania: Tax Exemptions on Retirement Income

• Is Pennsylvania Tax-Friendly for Retirees? | Retirement Taxes (https://actsretirement.org/resources-advice/finance-saving-money/tax-benefits-for-retirees/pennsylvania)
• Is Pennsylvania a Good Place to Retire in 2025? Pros, Cons & Best Spots (https://amerifreight.net/blog/is-pennsylvania-a-good-place-to-retire)
• 10 States That Don’t Tax Retirement Income (https://eztaxreturn.com/blog/10-states-that-dont-tax-retirement-income)
• Ten Tax-Friendly States for Retirees in 2025 (https://kiplinger.com/retirement/601814/most-tax-friendly-states-for-retirees)

Written by

Kevin Luu

Co-Founder and Chief Learning Officer, Bright Advisers

Kevin has advised high-income W-2 tech and biotech families since 2015, and leads the education-first Age Five Family Office from Brea, California.

Connect on LinkedIn →  · About Kevin