However, Georgia remains among the top 10 tax-friendly states for retirees, as ranked by Kiplinger in 2017. Social Security income is exempt from state taxes, as is up to $35,000 of most types of retirement income for anyone age 62 to 64. When retirees hit 65, the exemption is $65,000 per taxpayer.
Retirement income includes pensions and annuities, interest, dividends, net income from rental property, capital gains, royalties, pensions, annuities, and the first $4,000 of earned income, such as wages. Some Georgia residents 65 and older can also claim property tax exemption.
Things start to look less rosy when it comes to health care. Georgia ranks fairly low (42 out of 50 in the Wallethub rankings) on measures such as the number of health care providers per capita, the relative health and well-being of individuals 65 and older and the quality of public hospitals.
Looking for a state that is a sure shot for retirement? Florida and Iowa consistently land near the top of the rankings in several surveys.