The US states where you'll need the most money to retire
5 months, 1 week ago

The US states where you'll need the most money to retire

Daily Mail  

More than half of American's are unsure if they will be able to live financially stable during their retirement and that over 39% are not contributing towards a pension to their retirement account. With a tax rate rank of 50, New York State has the highest total tax burden in the United States, despite not having the highest cost of living. With a taxt rate rank of 49, Connecticuts 2022 tax burden of 15.4% ranks the second highest in the nation, and the state collected $2,845 per capita in state and local taxes. Vermont taxes most retirement income at ordinary income tax rates, including Social Security benefits, which are taxed up to 85% in sync with the federal rate of benefits. New Jerseys tax rate rank stands at 45 and the state collected $1,817 per capita in state and local taxes, while property tax collections are about $3,539 per person.

Retirement Taxes Social Security Income California New York New Jersey Maine Retire Rate Connecticut Vermont Rank State Tax  retirement  taxes  retire  rank  rate  money  rates  income  youll  states  local  state  tax  need

History of this topic

Revealed: The best and worst places to retire in
1 year, 1 month ago

Revealed: The best and worst places to retire in

Daily Mail  

With its warm weather, miles of coastline and low tax burden, Florida has traditionally been seen as a retirement paradise. A key reason for Florida topping the later life league table is the fact that it has no estate, inheritance or income taxes for retired Americans - and a low tax burden was one of the key factors in WalletHub's …

Discover Related