Where to retire to pay lower taxes

It is probably not a wise decision to base your retirement destination solely on whether or not the state has low personal income taxes or property taxes.  However, if you are considering several retirement destinations, considering the tax situation may be a good idea.  At the very least, it should be a part of the pros and cons you use to decide where you want to spend your retirement.  Some states are much more tax-friendly than others are in terms of personal taxes and property taxes.

For a list of tax-friendly states read, “10 Most Tax-Friendly States for Retirees.