Expert guides about financial in Texas from Brevy Care.
Texas does not tax any of your retirement income. The state has no personal income tax, so Social Security, pensions, IRA withdrawals, and 401(k) distributions all escape state tax.
A Texas homeowner who turns 65 can freeze their school property taxes for life, and if money gets tight, defer them entirely.
Senior care in Texas runs from about $5,666/month for assisted living to about $7,600/month for a private nursing home room, based on 2025 median costs. In-home care runs about $30/hour.