Study examines best places to retire tax-wise in Florida

Florida is known as a top retirement destination in the U.S. But where, within the state, is the best place to retire if taxes are on the mind?

New York City-based personal finance technology company SmartAsset recently released its sixth annual study about the most tax-friendly cities for retirees. To rank cities within different states, SmartAsset’s study evaluated property tax, income tax, fuel tax, sales tax and Social Security tax information. It combines those factors to develop a “Retirement Tax Friendliness Index” score.