Retiring in Florida vs. Texas: Which State Taxes Your 401(k) Less?

For retirees who are on fixed withdrawal strategies or living off dividend income, these recurring costs matter more than a one-time tax break. A few hundred dollars a month in higher property taxes or insurance premiums can erode the spending power your retirement planner was meant to protect.Both states still rely heavily on other revenue sources to fund schools, roads, and public services, and without income tax revenue, this burden gets pushed onto property owners, consumers, and, in some cases, specifi ...