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Old 11-19-2019, 12:23 PM
 
Location: close to home
6,203 posts, read 3,541,756 times
Reputation: 4761

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Quote:
Originally Posted by Mightyqueen801 View Post
Nice house.

I get a NY pension, but Jersey taxes the hell out of it. I knew that when I moved here pre-retirement, but I guess I didn't know how much the tax would be. Also, I liked the idea of living near the shore, and ten years ago I still wasn't retired and needed access to a train to the city.

I am 61, and I don't like the heat right now. My alternate universe is very cold, but I am only allowed to be there 183 days a year. They don't want retirees. I love Vermont but the taxes there are worse. I might end up upstate NY somewhere. Or Massachusetts.

Meanwhile, Mom is still in NJ, so I am too.
NJ has pension exceptions before they start gouging.

https://www.kiplinger.com/tool/retir...e=New%20Jersey
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Old 11-19-2019, 12:31 PM
 
Location: Elsewhere
88,509 posts, read 84,688,123 times
Reputation: 114946
Quote:
Originally Posted by Hannah5555 View Post
NJ has pension exceptions before they start gouging.

https://www.kiplinger.com/tool/retir...e=New%20Jersey
Yeah, I know about that, but not helpful so far. I am not yet 62 (next year) plus since I retired I made money working part-time that put me over anyway. Working less each year, though.
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Old 11-19-2019, 12:33 PM
 
Location: close to home
6,203 posts, read 3,541,756 times
Reputation: 4761
Quote:
Originally Posted by Mightyqueen801 View Post
Yeah, I know about that, but not helpful so far. I am not yet 62 (next year) plus since I retired I made money working part-time that put me over anyway. Working less each year, though.
Ah, okay.
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Old 11-19-2019, 03:04 PM
 
19,113 posts, read 25,309,475 times
Reputation: 25423
Quote:
Originally Posted by Mightyqueen801 View Post
It was started by a retiree who lives in Jersey!
I suspect with humor...
... and who invested wisely enough in his younger years, so that he has no need to flee this state.
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Old 11-19-2019, 04:45 PM
 
Location: North Carolina
6,957 posts, read 8,486,926 times
Reputation: 6777
Quote:
Originally Posted by Retriever View Post
... and who invested wisely enough in his younger years, so that he has no need to flee this state.

But for those of us who have also invested wisely, the desire to flee may be motivated by a desire not to be "fleeced" of our hard-earned fortunes.
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Old 11-19-2019, 04:49 PM
 
19,113 posts, read 25,309,475 times
Reputation: 25423
Quote:
Originally Posted by TheEmissary View Post
But for those of us who have also invested wisely, the desire to flee may be motivated by a desire not to be "fleeced" of our hard-earned fortunes.
And, then there are those of us who have TRULY invested wisely, and who aren't concerned about those mundane matters.

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Old 11-19-2019, 05:04 PM
 
Location: NJ/NY
18,453 posts, read 15,236,363 times
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Quote:
Originally Posted by Retriever View Post
And, then there are those of us who have TRULY invested wisely, and who aren't concerned about those mundane matters.

Ahhh, but to those that truly, truly, truly invested wisely, those matters aren’t mundane.

I can think of one guy who you might say, “invested wisely”, that moved to Florida to save $150,000,000 a year in NJ state income taxes.
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Old 11-19-2019, 05:51 PM
 
Location: North Carolina
6,957 posts, read 8,486,926 times
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Quote:
Originally Posted by AnesthesiaMD View Post
Ahhh, but to those that truly, truly, truly invested wisely, those matters aren’t mundane.

I can think of one guy who you might say, “invested wisely”, that moved to Florida to save $150,000,000 a year in NJ state income taxes.

and he also bought the Carolina Panthers too! A penny saved, is an NFL team purchased! "What's in your wallet, Retriever?"

Last edited by TheEmissary; 11-19-2019 at 06:00 PM..
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Old 11-19-2019, 06:01 PM
 
Location: NJ/NY
18,453 posts, read 15,236,363 times
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Quote:
Originally Posted by TheEmissary View Post
and he also bought the Carolina Panthers too! A penny saved, is an NFL team purchased!
I said he invested wisely, but I guess nobody is 100%.

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Old 11-19-2019, 06:06 PM
 
Location: North Carolina
6,957 posts, read 8,486,926 times
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Quote:
Originally Posted by AnesthesiaMD View Post
I said he invested wisely, but I guess nobody is 100%.


It's like Kathleen Turner said in "Peggy Sue got Married". "Dad ...you bought an Edsel?"
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