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Fri Apr 13, 2012, 12:32 PM

retirees beware


my reply to those idiots that let maine heritage and the alec group steal their party:

mainemom
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Joined: 03/09/2004
They killed the tax cut on pensions.
At my house we are currently planning for our retirement, still a few years away.
State income tax is going to be a factor.
Husband is lucky enough to be able to count on an actual pension in addition to our modest 401K and IRA plans. Plus social security.
If our taxable income in retirement is say, $30,000, at 8% that's $2400 in Maine income tax.
In a couple of warm states we're looking at, that goes to zero.
Housing would be a wash or a gain for us, with everything factored in - we'd save $3000 a year just on oil.
We'd keep the family camp and come to Maine from May to September, until one of us gets sick and frail, at which point we'd relocate back to Maine and become a burden on family and state.
I guess that's the way the Maine legislature wants it to be.
Economics at the micro level is all about incentives.
Madam you can blame that nitwit who moved to florida and is trying the same spiel their ;also the "alec" group! they have been capable of cutting taxes on business and the wealthy thereby shifting the burden to the middle class! your alternative is vote against the party that screwed you and sold out to the highest bidder!
for you haven't looked up alec yet -do it -it may be to late-but not to late to repeal all the laws they have instigated to help destroy the working man!
take notice this effects all mainers!

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Reply retirees beware (Original post)
luckyleftyme2 Apr 2012 OP
safeinOhio Apr 2012 #1

Response to luckyleftyme2 (Original post)

Fri Apr 13, 2012, 12:59 PM

1. Look at everything before you move.

I left a state that didn't tax pensions and moved to one that did. Cost me about $900/year. However, I saved more than that in fees and insurance in the long run. Now that state, with the new republican governor, is taxing pensions.
Other thing I save on.
better roads, less car repairs.
cheaper gas prices.
less in property tax.

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