JACKSON, Miss. (WCBI) -Kiplinger Magazine says, Mississippi and Alabama are among the 10 best states for retirement based on their low tax rates.
The magazine says, Mississippi’s low property and income taxes and numerous sales tax exemptions all are big benefits for older adults.
Throw in exemptions on retirement income, Social Security benefits, and property taxes and the state is even more attractive, especially since it doesn’t have estate or inheritance taxes.
Louisiana, Georgia, and South Carolina also are in the top.