Retiring in Florida

Every figure below is sourced to Florida’s own publications and dated. Estimates only, and not tax advice.

Retirement tax by state

What your state actually takes from a 401(k) withdrawal, a pension, and Social Security — in dollars, not a yes/no list.

Brokerage account growth

Long-term index-fund growth after expense-ratio drag — and what your state takes from the gains at withdrawal.

Roth vs. Traditional

Decided on the two rates that actually govern it — yours now, and yours at withdrawal, in the state you'll retire in rather than the one you're in.

Contribution limit optimizer

2026 limits, employer match, the 60-63 super catch-up, and whether the Roth catch-up mandate applies to you.

Required minimum distribution

When your RMDs start under SECURE 2.0, how much this year's is, and what missing it costs.

Backdoor Roth pro-rata

What a backdoor Roth conversion would actually cost you in tax — the pro-rata rule most calculators only describe.

Self-directed IRA real estate (UDFI)

The tax a leveraged rental owes inside a self-directed IRA — computed at trust rates, not the rate you'd assume.

Florida at a glance

Florida has no state income tax, so none of your retirement income — 401(k) and IRA withdrawals, pensions, or Social Security — is taxed at the state level. Federal tax is a separate matter these pages do not model.

  • Florida has never levied a personal income tax under its current constitution, and Article VII, Section 5(a) prohibits one on natural persons -- this is a constitutional bar, not merely a policy choice a future legislature could reverse by ordinary statute.
  • Every category of retirement income is untaxed by the state without condition: no age gate, no income threshold, no dollar cap, no distinction by source.
  • Florida DOES levy a corporate income tax under Chapter 220, Florida Statutes. It reaches C corporations, not individuals, and is the single most common source of confusion about whether Florida has an income tax.
  • Florida's INTANGIBLE PERSONAL PROPERTY TAX -- an annual levy on stocks, bonds and mutual fund holdings that functioned as a wealth tax on investors -- was repealed effective January 1, 2007. Older guidance describing it is obsolete, and it was never an income tax in any case.