Do people choose where to live based on how much they will pay in taxes? Apparently they do–and it isn’t just retirees that pay attention to tax rates. Here are lists of the most–and least–popular destination states for Americans on the move.
Where is the best state for a federal retiree to live? It’s a complex question with many considerations (such as family and friends) based solely on personal preferences. Some states will give you a tax break to encourage you to move there; others will get as much from your pocket as possible. Here is a list of some of the best (and worst) states for living after retirement.
Your contributions to the federal retirement fund are not taxable when the government send this money back to you in the form of an annuity. But you only receive a portion of it back each year. You do not recoup all of your contributions until you have reached your life expectancy.
A casual observer might think that CSRS employees who retire on an early out and receive a 2% per year reduction for being under age 55 are worse off than are similarly situated FERS early retirees. In most cases that casual observer would be wrong. Here is why.
Tens of thousands of federal employees are heading into retirement. They will get a COLA each year. Will it really keep up with inflation? Will you have enough money to last until you die? Unpleasant questions and here are some thoughts before you file your retirement forms.