How Ohio’s 2.75% Flat Tax Could Supercharge Your Retirement Savings

Your Financial Journey with Tim Hilterman by Tim Hilterman

Episode notes

This video explains how Ohio’s new 2.75% flat-rate income tax creates opportunities to accelerate retirement savings. By lowering the state tax burden, more of your income can be redirected toward IRAs, 401(k)s, or other investment accounts—helping you build long-term wealth faster.

Key Takeaways

✅ Ohio is moving to a 2.75% flat income tax – By 2026, most residents earning above $26,500 will pay a single flat rate, while those below that threshold will pay no state income tax, potentially saving thousands for higher earners.

✅ Tax savings can supercharge retirement – Even modest annual savings redirected into retirement accounts like a Roth IRA can compound significantly over decades, turning a few hundred or thousand dollars a year into hundreds of thousands by retirement.

✅ Ohio becomes more competitive regionally –  ... 

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Keywords
Tim HiltermanWhitaker-Myers Wealth ManagersInvestingChief Financial Planning OfficerYour Financial JourneyDave RamseyTaxesRetirement PlanningPersonal FinanceTax Planning