Your Retirement Money Will Go Further in These 13 States

You paid taxes throughout your working years. Social Security retirement benefits are funded by payroll taxes. So, it doesn’t seem fair to tax retirement benefits, but that’s exactly what most states do.

However, an article by Mint notes that Alaska, Florida, Illinois, Iowa, Mississippi, Nevada, New Hampshire, Pennsylvania, South Dakota, Tennessee, Texas, Washington, and Wyoming are all tax-friendly states. None of them tax your retirement income, and all could be a great opportunity to keep as much of your money in your pocket as possible.

The Seniors Trust is committed to improving the financial well-being of older Americans through the passage of the Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and ensure the long-term solvency of the Social Security program.