What Does It Cost to Retire in These US States?
8. Kentucky
To live comfortably in Kentucky, retirees need to plan for $56,850 per year. Apart from temperate winters, people 65 and older are eligible for a homestead exemption. While residents will have to pay income tax on other sources of retirement income besides Social Security, they can opt in on plenty of deductions to offset that expense. One attractive draw is that the inheritance tax doesn't apply to money bequeathed to close family.
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