No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, October 26, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Money

8 Places to Retire Where You’ll Actually Keep More of Your Money

by TheAdviserMagazine
3 months ago
in Money
Reading Time: 6 mins read
A A
8 Places to Retire Where You’ll Actually Keep More of Your Money
Share on FacebookShare on TwitterShare on LInkedIn


Image source: Unsplash

When people think about retirement, they often imagine beaches, golf courses, and time with grandkids—not tax brackets, health care premiums, and housing costs. But where you retire can dramatically affect how far your money stretches, and for many, this difference amounts to thousands of dollars each year.

Not all retirement-friendly places are created equal. Some states promote themselves as havens for seniors, only to hit you with hidden taxes or rising living expenses once you settle in. Others quietly offer benefits that can dramatically lower your cost of living, from no income tax to reduced property taxes, senior exemptions, and affordable medical care.

If your goal is to actually keep more of your money—rather than watching it vanish to fees, taxes, or overpriced basics—consider these eight retirement locations where financial breathing room is part of the deal.

1. Tennessee: No State Income Tax, Low Property Costs

Tennessee continues to gain traction among retirees who want to enjoy both scenic living and solid financial protection. It’s one of the few states with no state income tax, including on retirement income, pensions, and Social Security benefits.

What’s more, Tennessee boasts some of the lowest property taxes in the country and offers programs to freeze property taxes for eligible senior homeowners. Cost of living remains below the national average, and healthcare access in urban hubs like Nashville and Knoxville is highly rated.

You’ll also find no shortage of culture, mild winters, and small towns where your retirement dollars go much further than expected.

2. Wyoming: A Hidden Gem with Strong Tax Protections

Wyoming might not top your retirement wishlist, but financially, it’s hard to beat. There’s no state income tax, no tax on Social Security, no estate or inheritance tax, and property taxes are well below the national average.

Utilities, groceries, and the general cost of living are also affordable. If you’re drawn to wide-open spaces, national parks, or low-density living, Wyoming offers all that with financial advantages baked in. It’s especially appealing for retirees who don’t mind dry climates and want to avoid crowded coastal retiree destinations.

3. Florida: Sunshine, Social Security Exemptions, and No Income Tax

Florida continues to rank high among retirees, and not just because of the warm weather. The state imposes no income tax, meaning your pension, IRA withdrawals, and Social Security benefits are untaxed at the state level.

In addition, Florida has no inheritance or estate taxes, and homestead exemptions can significantly reduce property taxes for senior homeowners. Some counties even offer “senior discounts” on local property assessments.

While some parts of Florida are pricey, many smaller cities—like Ocala, Pensacola, and Lakeland—offer a more affordable lifestyle with access to quality healthcare and retiree communities.

4. South Dakota: Low Taxes and Surprisingly Affordable Living

South Dakota may fly under the radar, but its tax-friendly environment makes it a strong contender for savvy retirees. The state has no income tax, no tax on retirement income, and relatively low sales and property taxes.

While winters are cold, housing is affordable, and medical care in cities like Sioux Falls is accessible and top-notch. South Dakota also consistently ranks as one of the best-run states financially, which translates into fewer budget cuts or rising local taxes. For those willing to trade sunshine for savings, this state is well worth a second look.

nevada, best place to retire
Image source: Unsplash

5. Nevada: No Income Tax and Plenty of 55+ Communities

Nevada isn’t just about Las Vegas. With no state income tax and no taxes on retirement income, it’s a strong candidate for tax-conscious retirees.

There’s also no tax on inheritance or estates, and property taxes are manageable. The state is home to numerous active adult communities, especially in places like Henderson and Reno, where housing costs remain reasonable compared to major cities in neighboring California.

Nevada’s dry climate also benefits retirees with arthritis or respiratory conditions—just be prepared for hot summers.

6. North Carolina: Low Cost of Living and Growing Healthcare Access

While North Carolina does tax some retirement income, its overall cost of living is low enough to offset that for many retirees. Housing, utilities, and transportation costs are below the national average, and the state is expanding access to affordable healthcare, especially in larger areas like Raleigh, Asheville, and Winston-Salem.

Retirees who want four seasons, access to both mountains and beaches, and a growing number of senior-friendly towns will find North Carolina financially feasible, particularly if they’re downsizing or using Medicare Advantage plans.

7. Pennsylvania: Social Security and Retirement Income Exemptions

Pennsylvania stands out for one key reason: it doesn’t tax any form of retirement income for residents aged 60 or older, including pensions, 401(k) withdrawals, IRA distributions, and Social Security.

This makes it an especially rare find in the Northeast. Property taxes can be high in some areas, but the state offers rebates and programs for eligible senior homeowners and renters.

Healthcare infrastructure is excellent, and mid-sized cities like Lancaster, Allentown, and Pittsburgh offer a balance of affordability and access to amenities.

8. Arkansas: Underrated but Budget-Friendly

Arkansas often gets overlooked, but it offers retirees some real financial perks. The state exempts the first $6,000 of retirement income and all Social Security benefits. The overall cost of living is low—housing in particular is well below the national average—and property taxes are modest.

Areas like Hot Springs and Bella Vista are popular among retirees looking for natural beauty and a slower pace of life without high expenses.

Healthcare access is improving in the state, especially around Little Rock and Fayetteville, making it a financially viable option for seniors who prioritize cost over prestige.

Retirement Isn’t Just About Where You Live; It’s What You Keep

Choosing the right place to retire isn’t just about weather or amenities. It’s about protecting your savings, ensuring you’re not taxed into poverty, and having access to affordable care and housing.

Each of the states above offers retirees different ways to hold on to their hard-earned money, whether through tax breaks, lower costs, or financial protections built into the system.

Have you considered relocating to stretch your retirement dollars? What matters most to you—taxes, climate, healthcare, or cost of living?

Read More:

6 Ways Retirement Communities Are Adding Hidden Charges

10 Cities Where Inflation Has Quietly Destroyed Retirement Dreams

Riley Jones

Riley Jones is an Arizona native with over nine years of writing experience. From personal finance to travel to digital marketing to pop culture, she’s written about everything under the sun. When she’s not writing, she’s spending her time outside, reading, or cuddling with her two corgis.



Source link

Tags: MoneyPlacesretireyoull
ShareTweetShare
Previous Post

Three weeks after acquiring Windsurf, Cognition offers staff the exit door

Next Post

7 Subscription Services That Seniors Forget to Cancel

Related Posts

edit post
Don’t Miss Out on Your Golden Years’ Freebies: 10 Heartwarming Senior Discounts That’ll Save You a Fortune and Spark Joy

Don’t Miss Out on Your Golden Years’ Freebies: 10 Heartwarming Senior Discounts That’ll Save You a Fortune and Spark Joy

by TheAdviserMagazine
October 25, 2025
0

Women enjoying coffee in an exotic locale. Image Source: Shutterstock. As we get older, we start valuing the real deals...

edit post
How Many Dimes Are In 5 Dollars?

How Many Dimes Are In 5 Dollars?

by TheAdviserMagazine
October 25, 2025
0

Image Source: Shutterstock.comWhen students begin learning basic arithmetic, currency is an important part of these equations. Many of us can...

edit post
Shein Is Winning: Here’s Why Brick-and-Mortar Clothing Stores Can’t Keep Up With Shein

Shein Is Winning: Here’s Why Brick-and-Mortar Clothing Stores Can’t Keep Up With Shein

by TheAdviserMagazine
October 25, 2025
0

Image Source: Shutterstock Shein has taken over the fashion world faster than anyone expected. What began as a small e-commerce...

edit post
10 Spending Habits That Were Okay in the 70s, But Will Ruin You Now

10 Spending Habits That Were Okay in the 70s, But Will Ruin You Now

by TheAdviserMagazine
October 25, 2025
0

Image Source: ShutterstockThe 1970s were a simpler time—no smartphones, no online banking, and gas under a dollar a gallon. Back...

edit post
10 Reasons We May Be at the End of BNPL

10 Reasons We May Be at the End of BNPL

by TheAdviserMagazine
October 25, 2025
0

Image Source: ShutterstockJust a few years ago, “Buy Now, Pay Later” (BNPL) apps like Afterpay, Klarna, and Affirm were everywhere—promising...

edit post
What You Need to Know About The Ugly Side of Amazon Subscribe and Save

What You Need to Know About The Ugly Side of Amazon Subscribe and Save

by TheAdviserMagazine
October 25, 2025
0

Man upset after opening his package. Image source: Shutterstock.com. Many people flock to Amazon in search of great deals. After...

Next Post
edit post
7 Subscription Services That Seniors Forget to Cancel

7 Subscription Services That Seniors Forget to Cancel

edit post
Michigan state pension fund triples Bitcoin ETF investment in Q2

Michigan state pension fund triples Bitcoin ETF investment in Q2

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
What You Need to Know About The Ugly Side of Amazon Subscribe and Save

What You Need to Know About The Ugly Side of Amazon Subscribe and Save

0
edit post
Metals on fire: What’s driving the unstoppable rally in copper, aluminium, and zinc

Metals on fire: What’s driving the unstoppable rally in copper, aluminium, and zinc

0
edit post
Russia’s ‘disposable-goods’ economy gets busier but poorer, and sanctions could trigger a recession

Russia’s ‘disposable-goods’ economy gets busier but poorer, and sanctions could trigger a recession

0
edit post
PG Earnings: All you need to know about Procter & Gamble’s Q1 2026 earnings results

PG Earnings: All you need to know about Procter & Gamble’s Q1 2026 earnings results

0
edit post
American Airlines to resume Israel – US flights

American Airlines to resume Israel – US flights

0
edit post
2025 Industrial Sector Stocks List From Major ETFs

2025 Industrial Sector Stocks List From Major ETFs

0
edit post
Metals on fire: What’s driving the unstoppable rally in copper, aluminium, and zinc

Metals on fire: What’s driving the unstoppable rally in copper, aluminium, and zinc

October 26, 2025
edit post
Coinbase’s x402 Transactions Rise 10,000% in a Month

Coinbase’s x402 Transactions Rise 10,000% in a Month

October 26, 2025
edit post
American Airlines to resume Israel – US flights

American Airlines to resume Israel – US flights

October 26, 2025
edit post
Real-world ‘Avatar’ in Kenya: Sacred hill turns into a rare-earth battleground for US and China

Real-world ‘Avatar’ in Kenya: Sacred hill turns into a rare-earth battleground for US and China

October 25, 2025
edit post
Trump adds 10% tariff on Canada due to TV ad, but IEEPA doesn’t allow its use against ‘information’

Trump adds 10% tariff on Canada due to TV ad, but IEEPA doesn’t allow its use against ‘information’

October 25, 2025
edit post
One more regional airline files for Chapter 11 bankruptcy

One more regional airline files for Chapter 11 bankruptcy

October 25, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Metals on fire: What’s driving the unstoppable rally in copper, aluminium, and zinc
  • Coinbase’s x402 Transactions Rise 10,000% in a Month
  • American Airlines to resume Israel – US flights
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.