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Old 05-04-2016, 05:28 AM
 
3,557 posts, read 6,201,372 times
Reputation: 3104

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Quote:
Originally Posted by chopchop0 View Post
At the state level? How so?
No federal. SSD converts to regular SS at your retirement age and that can be taxed.The amount you get does not change. Florida does not have state income tax so in that she is correct.
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Old 05-04-2016, 05:38 AM
 
167 posts, read 113,693 times
Reputation: 244
Here are the truths:

Thesis: Florida retirement is OVERRATED

Facts:

State income doesnt matter since you wont be working so people who play that as a selling point dont know w tf they are talking about.

Insurance rates for home and car are higher than the national average leaving less money in the retirees pocket.

You would be lucky to be able to do anything outdoors after 10am due to the oppressive humidity.

There is a reason more and more people are looking to Nevada, Arizona, NC and Texas as alternatives due to rising COL.

Florida is ground zero for identity fraud and theft.
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Old 05-04-2016, 06:00 AM
 
Location: SW Florida
1,142 posts, read 776,399 times
Reputation: 1931
Quote:
Originally Posted by Famalam View Post
Here are the truths:

Thesis: Florida retirement is OVERRATED

Facts:

State income doesnt matter since you wont be working so people who play that as a selling point dont know w tf they are talking about.

Insurance rates for home and car are higher than the national average leaving less money in the retirees pocket.

You would be lucky to be able to do anything outdoors after 10am due to the oppressive humidity.

There is a reason more and more people are looking to Nevada, Arizona, NC and Texas as alternatives due to rising COL.

Florida is ground zero for identity fraud and theft.
You don't have to work to have an income. What about Pensions, Social Security, interest income and IRA withdrawals?

Lots of retirees are paying less for insurance depending where they're coming from.

Sounds like you don't know WTF you're talking about.
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Old 05-04-2016, 07:35 AM
 
Location: Gorgeous South Florida
499 posts, read 415,067 times
Reputation: 748
Quote:
Originally Posted by FLHfan View Post
You don't have to work to have an income. What about Pensions, Social Security, interest income and IRA withdrawals?

Lots of retirees are paying less for insurance depending where they're coming from.

Sounds like you don't know WTF you're talking about.
Hahaha! You are definitely right about that!
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Old 05-04-2016, 08:55 AM
 
Location: Spring Hill Florida
12,135 posts, read 13,243,962 times
Reputation: 6009
Quote:
Originally Posted by Famalam View Post
Here are the truths:

Thesis: Florida retirement is OVERRATED

Facts:

State income doesnt matter since you wont be working so people who play that as a selling point dont know w tf they are talking about.

Insurance rates for home and car are higher than the national average leaving less money in the retirees pocket.

You would be lucky to be able to do anything outdoors after 10am due to the oppressive humidity.

There is a reason more and more people are looking to Nevada, Arizona, NC and Texas as alternatives due to rising COL.

Florida is ground zero for identity fraud and theft.
Keep posting!!!! The more people you tell this stuff to the more that may be dissuaded from coming here thereby reducing the load on the state.

The people who do the research, contact recruiters and potential employers, check insurance rates, taxes, utility companies, weather, can base their decisions on facts. Or they can go to Nevada, Arizona, NC or Texas.
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Old 05-04-2016, 08:58 AM
 
Location: Spring Hill Florida
12,135 posts, read 13,243,962 times
Reputation: 6009
Quote:
Originally Posted by Famalam View Post
Here are the truths:

Thesis: Florida retirement is OVERRATED

Facts:

State income doesnt matter since you wont be working so people who play that as a selling point dont know w tf they are talking about.

Insurance rates for home and car are higher than the national average leaving less money in the retirees pocket.

You would be lucky to be able to do anything outdoors after 10am due to the oppressive humidity.

There is a reason more and more people are looking to Nevada, Arizona, NC and Texas as alternatives due to rising COL.

Florida is ground zero for identity fraud and theft.


Oh, by the way: Their is more to taxes than income. Real estate taxes, estate taxes, inheritance taxes, real estate taxes..............

Learn about the other states and what they do and dont tax. http://www.kiplinger.com/tool/retire...rees/index.php

Last edited by Spring Hillian; 05-04-2016 at 10:24 AM..
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Old 05-04-2016, 09:20 AM
 
6,436 posts, read 3,065,752 times
Reputation: 5843
Don't retire to Florida if you don't like heat and humidity.


That being said, most places on the east coast have heat and humidity all summer, just the degree and the length of that season.


You either have to be able to embrace the heat/humidity or learn to schedule activities to live around it. Fairly easy to do when you are retired.


We moved to a small town in central florida from long island, so we definitely were able to upscale our lifestyle while downsizing our expenses significantly. And, if and when we choose to, we could still downsize further and find a reasonable safe place to live for less money.
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Old 05-04-2016, 10:41 AM
Status: "Brexit bound" (set 20 days ago)
 
3,686 posts, read 2,011,560 times
Reputation: 5289
Quote:
Originally Posted by Famalam View Post
Here are the truths:

Thesis: Florida retirement is OVERRATED

Facts:

State income doesnt matter since you wont be working so people who play that as a selling point dont know w tf they are talking about.

Insurance rates for home and car are higher than the national average leaving less money in the retirees pocket.

You would be lucky to be able to do anything outdoors after 10am due to the oppressive humidity.

There is a reason more and more people are looking to Nevada, Arizona, NC and Texas as alternatives due to rising COL.

Florida is ground zero for identity fraud and theft.
If Florida retirement is so overrated why do so many people retire to Florida ?
And stay?
Simples.
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Old 05-04-2016, 11:40 AM
 
Location: Gorgeous South Florida
499 posts, read 415,067 times
Reputation: 748
Quote:
Originally Posted by Spring Hillian View Post
Oh, by the way: Their is more to taxes than income. Real estate taxes, estate taxes, inheritance taxes, real estate taxes..............

Learn about the other states and what they do and dont tax. State-by-State Guide to Taxes on Retirees-Kiplinger
Spring Hillian - Excellent site, as usual!

RETIREE TAX MAP:




STATES WITH ESTATE AND/OR INHERITANCE TAXES:




STATES THAT TAX SOCIAL SECURITY:
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Old 05-04-2016, 12:10 PM
 
Location: Milwaukee Area of WI
1,886 posts, read 1,293,458 times
Reputation: 1988
Quote:
Originally Posted by FLHfan View Post
You don't have to work to have an income. What about Pensions, Social Security, interest income and IRA withdrawals?

Lots of retirees are paying less for insurance depending where they're coming from.

Sounds like you don't know WTF you're talking about.
That guy is a Loonie Toon but not in a good way
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