1. Florida
Many people cite Florida as a perfect place for retirement not just because they love being close to the shore. Apart from being the go-to destination for retirees who enjoy lounging in the sun, this state also offers incredible tax-based incentives. For starters, there’s no income tax, meaning that you won’t even worry about account withdrawals and you’ll be able to fully enjoy your Social Security benefits.
Not only that but Florida’s cost of living is surprisingly affordable. A home in Pensacola could cost you around $152,000 while renting a 1,000sq ft apartment in Panama City would only cost you $1,000 per month!
Click next to discover which state shouldn’t ‘Taxus’ too much…..
