Choosing the right state can significantly impact how far your Social Security benefits stretch in retirement.
A recent analysis by InvestmentNews highlights the top states where retirees can maximize their Social Security income. The study evaluated factors such as cost of living, tax policies, and healthcare expenses to determine the most favorable locations. Among the top contenders are Arkansas, West Virginia, and Kentucky, all offering a lower cost of living and tax advantages for retirees.
For instance, Arkansas boasts an average monthly cost of living around $2,123, with Social Security benefits exempt from state income tax. Similarly, West Virginia and Kentucky offer affordable living expenses and favorable tax treatments for retirees. These factors make such states attractive options for those relying primarily on Social Security during retirement.
For a comprehensive list and detailed analysis, you can read the full article here.
Help The Seniors Center Protect the Future of Social Security
The Seniors Center is committed to finding solutions to strengthen and protect the Social Security Trust Fund. Social Security is a contract between citizens and the government. Money deposited in the Trust Fund should only be used to pay benefits to eligible recipients.
The Seniors Center is demanding Congress finally put a stop to the careless borrowing and spending by greedy politicians that has put our Trust Fund and our secure retirement in jeopardy.
At The Seniors Center, our goal is to help seniors, and we’re doing that by protecting the future of Social Security. Retirees shouldn’t have to worry about losing their hard-earned benefits to taxes or the agendas of greedy politicians. If you agree, we invite you to sign our petition today! And follow The Seniors Center on Twitter and Facebook for more updates!
