Top 18 U.S. Cities That Don’t Tax Your 401(k) or Pension
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 4 October 2025
⏱️ 48 minutes
🧾️ Download transcript
Summary
In this episode we will look at 18 U.S. cities, in various states, that impose no taxes on 401(k) or pension withdrawals — and how choosing one can stretch your retirement dollars further.
Today's Stocks & Topics: Perdoceo Education Corporation (PRDO), Calamos US Equity Autocallable Income ETF (CAIE), Market Wrap, Top 18 U.S. Cities That Don’t Tax Your 401(k) or Pension, Schneider Electric S.E. (SBGSY), Key Benchmark Numbers: Treasury Yields, Gold, Silver, Oil and Gasoline, A-I Second Order Winners, How to Select a Mutual Fund, Nutrien Ltd. (NTR).
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Transcript
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| 0:00.0 | On radio, on YouTube, streaming live on invest talk.com, and for our podcast subscribers, this is |
| 0:12.1 | InvestTalk, independent thinking, shared success. |
| 0:17.9 | Invest talk is made possible by KPP Financial, a registered investment advisor firm, serving clients throughout the United States. |
| 0:27.3 | Here is KPP Financial Chief Executive Officer, Financial Advisor, Justin Klein. |
| 0:35.5 | Good afternoon, fellow investors, and welcome back to InvestTalk. |
| 0:40.1 | This is our Friday, October 3rd, 2025 edition of InvestTalk. |
| 0:45.7 | Yeah, we made it through another week, and now we're solidly into the fourth quarter. |
| 0:52.4 | And it's going to be an interesting fourth quarter. |
| 0:54.9 | We're in the midst of a government shut down, which you would think would unroyal markets. |
| 0:59.1 | But if you look back in history, you'll see that really doesn't have much effect. |
| 1:03.6 | It's mostly political gainsmanship. |
| 1:07.0 | Those that are working or furlough, working without pay or furloughed, they tend to get back pay. |
| 1:14.2 | And so ultimately it doesn't really impact overall government spending, which that's what drives |
| 1:20.6 | liquidity and that's what drives asset prices, liquidity. |
| 1:24.6 | So that shouldn't be a shock to anyone that, you know, today's market was fine. |
| 1:30.4 | There was really nothing to write home about as we closed the day. Although some, |
| 1:35.2 | some stories underneath the surface, which we'll discuss in a little bit. Now, it's not just |
| 1:41.1 | about this fourth quarter or 2025 being 2026. |
| 1:45.4 | It's about helping you make better decisions with your money on a regular basis. |
| 1:51.2 | And we start with simple principles, not allowing your emotions to take over in your decision-making process, to build a reasonable thesis about why you might own a particular |
| 2:05.7 | asset or asset class, understand the risks and rewards and how that might impact your |
| 2:11.9 | overall retirement picture. |
... |
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