Florida has regained its status as the best state for retirees in 2024. That's according to WalletHub's latest "Best and Worst States to Retire" study. The state doesn't levy any income tax, which means income from Social Security and withdrawals from retirement accounts won't be taxed at the state level. If you prefer mountains over beaches, Colorado ranks as the second-best state for retirees, according to WalletHub. And although Colorado partially taxes income from Social Security and withdrawals from retirement accounts, the state allows for tax deductions for certain retirement income sources for qualified taxpayers.

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Persons: WalletHub, Karen Magruder Organizations: States, Florida, Fort, University of Texas, Social Security Locations: Florida, Virginia, Popular Florida, Miami, Fort Lauderdale, West Palm Beach, Tampa, St, Petersburg, Clearwater, Arlington, Colorado