It's True: These 13 States Don't Tax Retirement Income

Where you live seems to matter more -- and less -- today than ever before. It matters less due to technology's ability to connect the world and give us the ability to communicate like never before. Video messaging allows us to speak to friends and family who live thousands of miles away as if we are standing right next to them. It's also fairly common for people to work remotely for companies based in another state or even another country.However, where you live can still impact other parts of your life because of factors including the weather, cost of living, traffic, and your taxes. Some states don't tax any income, offering potentially a nice windfall to one's earnings and savings. The same applies to retirement income. While the majority of states do tax retirement income, 13 do not, although naturally, things aren't so black and white. Let's dive in.These 9 states don't levy a tax at all. This could have to do with politics in the state or the desire to boost the population, which usually leads to a faster-growing economy. This strategy has been successful with people in overcrowded states with high taxes moving to other states with no taxes. Here are the 9 that don't tax any income:Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool