Retirement Income: States Friendly to Your Savings

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Recorded11 Nov 2025

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Discover the most tax-friendly states for retirees! Thirty-eight states exempt Social Security income, and fifteen states exempt pension income. Illinois, Iowa, Mississippi, and Pennsylvania lead the pack, with Illinois exempting pension, 401k, and IRA withdrawals, Social Security, and military retirement pay. Iowa recently updated its laws, exempting pension, 401k, and IRA income for residents over fifty-five. Nine states have no income tax at all, offering automatic relief for retirees. Make informed decisions about your retirement location!The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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