According to Kiplinger's 2014 analysis of state taxes, retireescould find themselves paying state taxes on their Social Securityincome or laying it out for capital gains taxes, depending on wherethey live.

In addition, lots of states don't care where your retirementincome comes from; they'll expect you to pay them their share.

So, if you're looking for ways to cut expenses in retirement,you might want to stay away from the following 10 states, wheretaxes are definitely unkind to retirees.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.