Where retirees decide to sink their roots for this stage of their lives can sometimes depend on how much of their incomes will go toward state and local taxes.
Some states give seniors a break, usually on property taxes, and other states have no income tax or low sales tax.
To determine the states that make it easiest on retirees to have a good life on a fixed income, Kiplinger, a financial news and business forecasting firm, ranked the states on a number of tax issues. Following are the 15 best tax states for retirees listed in reverse order with the best listed last. A few of the reasons each made the list are included.
No. 15: Arkansas
Social Security benefits and up to $6,000 in other retirement income are exempt from the income tax, which can go up to 7 percent. Property taxes are among the lowest in the nation.