Key Takeaways Illinois, Iowa, Mississippi, and Pennsylvania are considered to be the most tax-friendly states for retirees.Thirty-eight states don't tax Social Security income.Thirty-seven states ...

Let's begin with the best news — you'll probably not owe any state taxes on your monthly Social Security payments. A total of 41 states, as well as Washington D.C., simply don't tax this income.

A new proposal by Senator Rubén Gallego aims to eliminate federal income taxes on Social Security benefits, potentially ...

Don't pay more tax on your investments than you need to. You can keep more money in your pocket (or for retirement) by ...

Many retirees are unprepared for the switch from saving to spending. Here’s how to turn your retirement savings into steady, ...

Taxes can take a bite out of your retirement income. Learn what income streams can help you avoid a big tax bill and smart ...

Let's face it – paying taxes is a drag. Especially since it's something of a never-ending process, federally required year after year. Though you can technically avoid paying state taxes on retirement ...

If your income is well below that threshold — say $36,700 combined for you and your partner — you could sell assets and lock ...

Chicago is stepping in to lend cash to its underfunded pensions so they have enough money to avoid asset sales to cover ...

Most people understand that paying taxes is just part of living in a civil society. Still, forking over this money is a drag. Never even mind the fact that it's money you could personally put to ...