Posted on 01/25/2022 10:34:14 PM PST by nickcarraway
It's a good goal to retire with your mortgage paid off so you don't have mortgage payments hanging over your head while you're on a more fixed income in retirement. It can also be very helpful to not have your Social Security benefits taxed.
Fully 37 states -- plus the District of Columbia -- don't tax Social Security benefits. See whether your state does -- and if so, if it taxes benefit holders in a meaningful way.
SNIP
Here are the 37 states that do not tax your Social Security benefits:
Alabama
Alaska
Arizona
Arkansas
California
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Mississippi
Nevada
New Hampshire
New Jersey
New York
North Carolina
Ohio
Oklahoma
Oregon
Pennsylvania
South Carolina
South Dakota
Tennessee
Texas
Virginia
Washington
Wisconsin
Wyoming
(Excerpt) Read more at stltoday.com ...
Hmm. Not sure about this. I’ve been advised otherwise
I was also told that Joe Biden started this stupid thin in h the eighties. Stupid sob
Paid off my house and all my bills except for a car payment. Retired a few weeks ago at 62, and now I’m bored out of my mind. I lose track of what day it is. I think I made a mistake.
There’s a whole world of things you can do with your time.
I think you did too.
I’ve been retired 5 years now and still know what day it is.
You need to find something to do.
Why not just list the 13 that do?
Well, I could argue with you. Anytime you see me on a thread just make a comment, and I’ll come back with the opposite. And sometimes to spice it up I’ll even throw in something insulting to get your heart rate up a few minutes.
Just lemme know.
I’m not going to retire until I have to. I’m afraid of what you just said
Read the great works of Christendom. The Didache. Against Heresies by Irenaeus. Ecclesiastical History by Eusebius. The Long Dark Night of the Soul by Saint John of the Cross. Imitation of Christ by Thomas Kempis.
So many books on my list.
Take up martial arts. Or archery. Skeet shooting. Learn sculpting or painting. Write a novel.
Take a class. So many discount college classes for seniors. (Okay, some colleges requires proof of vaccination, at least in my state.)
Illinois does not tax any retirement benefits............. Not just S.S.
I retired two years ago and haven’t had a bored moment. In my spare time I do nature photography and Bible study, and my wife’s honey-do list fills in the rest.
Years ago I was thinking about moving to South Carolina after retirement, but when I discovered that they'd tax my New York State pension, I said "Forget it."
I retired at 67 and found myself bored to tears also, so I got a very part time job at Home Depot these folks are really having trouble now finding help and I really enjoy working a couple of days to get out of the house and stay active!! Right now these places are starting workers far above minimum wage I really enjoy Home Depot because I am also learning an enormous amount about just small repairs around the house and yard!!
It takes a little getting used to. As an R.N., my job was very stressful. It took me a good 2 years to get de-stressed.
No hobbies? I've been retired since 2003 at the age of 56. I'm 74 now. I've yet to be bored. Have never felt the urge to get a job after I retired. It would take away from the time I want to spend on other things. My job was a means to an end. It gave me the money to be able to do the things I wanted to do, like historical research. I do a lot of reading. It's been my favorite hobby for most of my life. For the past couple of years, I've been working on my family tree. While I'm watching programs I recorded the day before, or streaming on Netflix, Prime, etc., I'm usually working on my tree on my laptop. People who retire need to have interests to fill the hours they spent on the job. I had those interests while I was working, but the job limited me to the time I had to spend on them. Once I retired, there were no restrictions on my time. I visit my oldest son who lives an hour and a half away from me periodically, and he'll come here. I also spend two weeks each year with my youngest son and his wife. They live in Indiana. I'm in New York State. There is life after retirement. You have to find it. Don't wait for it to come to you. Isn't there anything you've always wanted to do if you had the time??
Hubby felt the same way and found a job.
Try to invent something. Your days will be exciting, you’ll get lost in time.
From article: “The 37 states that don’t tax benefits”
It has Washington on that list.
Of course the State of Washington does NOT tax SS benefits, because Washington doesn’t have a state tax.
Now the IRS if you have enough income has a formula to take a portion of your SS and makes you pay taxes on that portion. Grrrrr!!!! That was because of the tie breaker vote of Al Gore,
When I took the job with New York State Corrections in 1980, they told me the life expectancy of a Correctional Officer was 58. Divorce, alcoholism, and suicide were high. I was 33 when I took the job, having had previous service in the retirement system. I was already divorced, raising two sons alone. I wasn't a drinker, and I wasn't suicide material because I had too many responsibilities to handle. I made a vow the day I started the job, that I wasn't going to die while working for New York State. I'd be doing the State a favor if I did. I worked various schedules so I could go to college at night. I completed my Bachelors and Masters while working for the State, but I never used my degrees to get a better job. I was the only one in my family who had gone to college, and I guess I just wanted to see if I could do it. But I used my time taking courses, to do research on the Civil War, which I had been extremely interested in for many years. On my vacations, I traveled to Civil War Battlefields, and spent many days sitting in historical societies, libraries, The Library of Congress, and The National Archives, going through collections, documents, microfilms, and military and pension records. Reading and research have always been my two favorite things to do. The job gave me the time and money to be able to do it.
Most of the people I worked with that died, died from illness. Two committed suicide. They were all younger than me. Because of the Retirement Tier I was in, I was given one month for every year of service toward early retirement. I also had previous time in the retirement system which would be added at the time of my retirement. December 2002, I was the senior Sergeant on the afternoon shift. I had asked for, and received Christmas Day off that year. My regular shift was 3-11 p.m. The staffing Lieutenant turned around, and scheduled me to work the 11-7 shift. That meant I'd have Christmas Day off, but would have to go into work later that night. I was pissed, so I told him to cancel my request for Christmas, and I worked a 16 hour shift instead, but I promised myself, that it would be the last Christmas I'd ever be working for New York State. December 2003, two weeks before Christmas I retired at the age of 56, and it was very liberating to say the least. All total, I ended up with 33 years of service that my pension was based on. I've never missed the job, or even the people I worked with. It wasn't the type of job where you could go home every night, and feel that you'd accomplished anything. My accomplishments were what I was able to do away from the job. That was more fulfilling than anything I did on the job. My retirement was actually the beginning of my life.
People don't realize that the older you get, the faster time goes.
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