New Mexico has one of the most underappreciated retirement tax profiles in the Mountain West. Under legislation that took full effect in 2024, Social Security income is fully exempt from state taxation for individuals earning under $100,000 and married couples earning under $150,000. The state’s top marginal income tax rate is 5.9%, but a sizable…
Arkansas has quietly become one of the most retiree-friendly states in the Midwest. Top marginal income tax dropped to 3.9% under recent legislation, and retirees receive a $6,000 exemption on each qualifying retirement plan distribution. Combined with one of the lowest costs of living in the United States and a property tax burden well below…
Alaska sits in a uniquely advantageous position for retirement savers considering a Gold IRA. As one of the few states with no individual income tax and no statewide sales tax, Alaska residents already keep more of their earnings than residents in nearly any other state. Add the annual Permanent Fund Dividend (PFD) — which delivered…
New Hampshire is one of only nine states with no general state income tax, and the legacy interest-and-dividends tax — the one remaining piece of personal income taxation — has been fully phased out as of 2025. This means qualified distributions from IRAs, 401(k)s, 403(b)s, pensions, and Social Security are not subject to any state-level…
Nebraska sits at an unusual economic intersection: Omaha is the home of Berkshire Hathaway and one of the country’s deepest concentrations of financial services and insurance wealth, while the rest of the state runs on agriculture (corn, soybeans, beef cattle) and the Union Pacific Railroad system. The state has also just completed one of the…
Montana has experienced one of the fastest in-migrations of high-net-worth households in the United States over the past decade, particularly into the Gallatin Valley around Bozeman, the Flathead Valley around Whitefish, and the corridor between Missoula and Helena. Combined with Montana’s long-standing ranching, agriculture, energy, and mining economy, this has created a deep pool of…
Mississippi has the most favorable retirement-income tax treatment of any state in the nation: qualified distributions from IRAs, 401(k)s, 403(b)s, pensions, and Social Security are fully exempt from Mississippi state income tax. This makes Mississippi an unusually advantaged jurisdiction for retirees taking distributions from a Gold IRA. The state’s largest private employers — Nissan’s Canton…
Maine carries one of the oldest median ages in the United States — roughly 22% of residents are 65 or older — which makes retirement planning a more pressing concern here than in nearly any other state. Mainers approaching or already in retirement often hold long-tenured 401(k), TSP, and pension balances from careers at Bath…
Kansas sits at the geographic and economic crossroads of the Great Plains, home to a diverse mix of agricultural production, aerospace manufacturing (Wichita is the air capital of the world, with Boeing, Spirit AeroSystems, Textron Aviation, and Bombardier all maintaining major operations), and a strong base of military, energy, and financial services employers. Kansas residents…
Iowa’s economy is anchored by agriculture, insurance, and manufacturing — three sectors that produce a notably high share of long-tenured employees with substantial 401(k) and pension balances. Principal Financial Group, Nationwide, John Deere, Rockwell Collins (now Collins Aerospace), and the major agricultural cooperatives have created generations of Iowa retirement savers with serious nest eggs. Iowa…
