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Retirement Taxes by State: 5 Best and 5 Worst for 2026

Retirement Taxes by State: 5 Best and 5 Worst for 2026

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Summary

 Many retirees move to states like Florida, Tennessee, Texas, or Nevada assuming “no state income tax” automatically makes them the best places to retire financially. But retirement taxes are only one piece of the equation. In this video, Colin Exelby, CFP® explains the 5 best and 5 worst states to retire in financially as of 2026 based on the full financial picture — including retirement income taxes, Social Security taxation, property taxes, insurance costs, healthcare access, cost of living, estate taxes, and long-term retirement sustainability. Some states that appear retirement-friendly on paper can quietly become much more expensive over time once you factor in housing costs, insurance inflation, and other hidden expenses. We also discuss: states that tax Social Security states with no income tax retirement-friendly tax states high property tax states retirement cost of living estate and inheritance taxes retirement income taxation Florida retirement pros and cons Pennsylvania retirement taxes Iowa retirement tax changes New Jersey retirement taxes California retirement taxes Tennessee retirement costs and how retirees should evaluate the true long-term financial impact of where they live. The goal is not simply finding the “cheapest” state to retire in — it’s understanding how taxes, spending, healthcare, and lifestyle all work together over a 20-30 year retirement. If you are planning for retirement, considering relocating, or trying to understand how state taxes impact retirement income, this video will help you think through the bigger financial picture. 00:00- Retirement Taxes by State: 5 Best and 5 Worst for 2026 00:35-Why Most People Get This Completely Wrong 01:25-The 5 Worst States for Retirement Income 05:45-The 5 Best States for Retirement Income 08:44-The Biggest Mistakes to Avoid 10:28-The Real Decision You Need to Make ⭐Support the Channel by Becoming a Community Member⭐ 👇https://www.youtube.com/channel/UC13s0hQVkEv-azgzhOe8QXA/join Outstanding Personal Finance Tools👇 Budgeting...👇 ★☆★ Rocket Money (originally called as TrueBill) ★☆★ https://rocketmoney.sjv.io/CelestialWM Wealth Management...👇 ★☆★Personal Capital ★☆★👇 https://personalcapital.sjv.io/CelestialWM Bookkeeping...👇 ★☆★Gusto Bookkeeping★☆★👇 https://gusto.pxf.io/CelestialWM [About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management. I provide financial planning for business owners and their families that makes sense. Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be. We strive to help you: *Optimize Your Cash Flow *Minimize Your Taxes *Build Your Net Worth *Create a Lasting Legacy ➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️ Top Financial Advisor Baltimore. Top Financial Planner Maryland. Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com. Celestial Wealth Management LLC receives compensation from YouTube for the presence of advertising before, after, and during this video content. Celestial Wealth Management LLC does not control the content or presence of any advertisements. The presence of any advertisement does not constitute an endorsement of the ad, company, entity, or product by Celestial Wealth Management LLC. DISCLOSURES Celestial Wealth Management, LLC is registered as an investment adviser in the State of Maryland and Texas. Neither the information nor any opinion constitutes an offer or an invitation to make an offer, to buy or sell any securities or other financial instruments. This video is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person. Investors should seek financial advice regarding the appropriateness of investing in financial instruments and implementing investment and planning strategies discussed in this video and should understand that statements regarding future prospects may not be realized. Nothing provided here constitutes tax advice. Individuals should seek the advice of their own tax advisor for specific information regarding tax consequences of investments. Investments in securities entail risk and are not suitable for all investors. This is not a recommendation nor an offer to sell (or solicitation of an offer to buy) securities in the United States or in any other jurisdiction. All investment ...
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