Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

Most Important Financial Benefits For Retirees Offered By Each State

May 11, 2021 · Retirement Life

Perks for golden years

We might not like the fact that we’re aging, but it’s an inevitable process. However, instead of feeling sorry for our lost youth, we should take maximum advantage of the perks and benefits that come along with turning gray-haired.

Some of these perks can be more than welcomed and quite beneficial to your finances, especially when living on a fixed income in retirement. From discounts at supermarkets, drugstores, restaurant chains, and retail outlets to free or reduced fares for transit services, state park access and so on, all states give their seniors the chance to spend as little as possible on taxes, transportation, and recreational activities and enjoy their golden years as they truly deserve.

Let’s have a look at what unique opportunities your state has to offer!

Alabama

– There’s no state income tax on Social Security or payments from defined-benefit plans

– Residents aged 60 and older get tuition waivers at all community colleges

– Discounts for city bus fares in Montgomery and Birmingham

– Residents aged 65 and older don’t need a hunting or fishing license

– Lower yearly passes to state parks for residents aged 62 and older

See also: 26 States That Do Not Tax Your Social Security Benefits

 

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

Share this article

Facebook Twitter Pinterest LinkedIn Email

One response to “Most Important Financial Benefits For Retirees Offered By Each State”

  1. min aung says:
    April 18, 2022 at 5:45 pm

    California impose tax on Social Security on mine.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • 20 Top-Rated Neighborhoods for Retirees in 2026
  • Best Places to Retire in the USA in 2026 (Affordable, Safe & Tax-Friendly Picks)
  • 6 Important Changes to Social Security Benefits in 2026
  • How To Pay Your Taxes With Your Credit Card in 2022
  • 8 Ways To Avoid Retirement Poverty
  • 13 States Where Your Freedom Is Respected
  • 18 Places Where Social Security Is More Than Enough
  • 7 Ways To Budget Your Groceries in Retirement
  • 14 Retirement Cities With Awful Weather
  • 11 States With the Best/Worst Social Security Checks in 2022

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

10 Frauds Seniors Are Often Confronted With

Don’t let go of your wallet  Usually, seniors have their properties on their names and…

Read More →

13 States Where Your Freedom Is Respected

There is a research center at George Mason University called the Mercatus Center, which has…

Read More →
Seniors calculating their costs

11 Expenses You No Longer Need in Retirement

Retiring early seems like a distant dream. But with determination, motivation and careful planning, you…

Read More →

10 Military Communities Where Vets Can Happily Retire

After serving your country for such a long time in the Army, Navy, Air Force,…

Read More →

These 10 Small Towns Are Perfect for All Retirees

Many Americans dream of living in a big, bustling city during adulthood, likely thanks to…

Read More →

11 Countries to Retire Where $150K Is More Than Enough

In 2020, American retirees were collecting an average monthly Social Security payment of $1,503, which…

Read More →

These 11 Cities Are Where Seniors Are Most and Least Financially Secure

How is anyone supposed to know exactly how much they’re meant to save for their…

Read More →

14 Retirement Cities With Awful Weather

When it comes to retirement, things like income, taxes and retirement plans are always prioritized.…

Read More →

11 Major Costs That Will Most Likely Plunge When You Retire

Most people dream of leaving the workforce and living comfortably in retirement. But when reality…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

  • About Us
  • Editorial Policy
  • Advertiser Disclosure
  • Frequently Asked Questions
  • Disclaimer
  • Terms and Conditions
  • Privacy Policy
  • Subscribe
  • Unsubscribe
  • Contact Us

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.