Georgia Retirement Taxes
Thanks to its great weather and laid-back southern charm, Georgia is a popular retirement destination. But what you might not know is that Georgia retirement taxes are incredibly friendly towards seniors. They are, in fact, a big part of the reason why so many people choose to retire in Georgia, and why 16% of Georgia’s population is over 60.
Georgia Retirement Tax Friendliness
The good news is that Georgia is very tax-friendly toward retirees and a very affordable state in general. Cost of living in Georgia is roughly on par with the national average.
Tax Benefits of Retiring in Georgia
Some of the benefits regarding Georgia retirement taxes include:
- Social Security income in Georgia is not taxed
- Withdrawals from retirement accounts and pensions (both public and private) in Georgia are only partially taxed
Should You Consider Moving to a Retirement Community in Georgia?
While Georgia’s retirement tax friendliness is obvious, where should you live in Georgia? Have you considered an active living retirement community? Georgia retirement communities are surprisingly affordable, even when compared to owning your own home and aging in place.
See the costs of a Georgia retirement community now by downloading a free information and pricing kit:
Lanier Village Estates
4000 Village View Dr, Gainesville, GA 30506