Social Security Taxes by State |
February 14, 2012 |
Annuity123, Income For Life, Your Retirement
According to the KiplingerTax Letter June 10, 2011 article, “Retiree Tax Heavens (and Hells)” are as follows: Heavens; Alabama, Colorado, Delaware, Georgia, Kentucky, Louisiana, Mississippi, Oklahoma, Pennsylvania, and South Carolina. Hells : California, Connecticut, Iowa, Maine, Minnesota, Nebraska, New Jersey, Oregon, Wisconsin, and Vermont. Income taxes, sales taxes, real estate taxes, friendliness to pensions, and taxes on Social Security benefits were the considerations in compiling these lists. Not all states made every category. Just in case you’re wondering which states do not tax Social Security...
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Things to consider when you are choosing where to retire |
February 11, 2012 |
Annuity Basics
If you’re getting close to retirement, the question always seems to come up of where the best place to retire is. Are you going to stay in your house? Are there warmer climates that are calling your name? We’re going to explore some things to consider when you’re making this important decision. Let’s start with income considerations. For a retiree, income comes in the form of pensions, IRAs, or money coming in from properties and investments. The states with the highest income taxes are...
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Where should you live when you retire? |
February 11, 2012 |
Annuity123, Retirement Planning, Your Retirement
According to Cnn Money , the top places to retire are as follows: Marquette, Mich. Cape Coral, Fla. Boise, Idaho Danville, Ky. Weatherford, Texas Southaven, Miss. But the US News and World Report lists these cities as the Top Ten places to retire: Flagstaff, Arizona – Pleasant year-round weather Boone, N.C. – Affordable mountain town Traverse City, Mich. – Water views on a budget Walnut Creek, Calif. – Greenest place to retire Ithaca, N. Y. – College town for retirees Lincoln, Neb. – Place...
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Annuity School |
February 9, 2012 |
Annuity Basics, Annuity123, Income For Life, Miscellaneous Annuity Info
As many of you probably heard this week, there is some potential new legislation that could alter 401k accounts to have a type of longevity annuity available to every American. Furthermore, there are some big things on the table in regards to altering the current pension plans into much more consumer, annuity friendly vehicles. So all of this exciting news for the retirement income industry has brought with it a need for education on annuities. I won’t mention the television station, but I watched two...
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Beware of Medicare Advantage Plans |
February 8, 2012 |
Annuity123, Healthcare, Your Retirement
One of the most important financial factors in retirement and retirement planning are medical expenses. Medicare coverage has grown much more complicated with the addition of Medicare Advantage Plans, their substantial variability and their rapid growth. One in five Medicare patients (over 8 million) are enrolled in a Medicare Advantage Plan. The largest plans are Humana and United Healthcare. With an “all in one” plan Medicare beneficiaries can avoid the hassle of enrolling with Medicare and prescription drug coverage. From Medicare.gov The Official U.S....
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