What Does It Cost to Retire in These US States?
3. Hawaii
What sets Hawaii apart from other states is also what makes it the most expensive, requiring retirees to save up at least $117,724 annually. Individuals with private pensions are fully taxed at 8.25 percent for the $48,000 to $150,000 bracket. The good news is that public pensions are exempt from taxation, and homeowners aged 65 and older are eligible for up to a $120,000 exemption, depending on where on the islands they live.
Popular Now on Facty
Disclaimer
This site offers information designed for educational purposes only. The information on this Website is not intended to be comprehensive, nor does it constitute advice or our recommendation in any way. We attempt to ensure that the content is current and accurate but we do not guarantee its currency and accuracy. You should carry out your own research and/or seek your own advice before acting or relying on any of the information on this Website.