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Re: antihama post# 349049

Wednesday, 01/20/2021 11:47:13 PM

Wednesday, January 20, 2021 11:47:13 PM

Post# of 726174
All seasons except winter are nice in the jersey shore.

The retirement income exclusion is good except you get no exclusion if your income is even a dollar more than $100k.
The cap on property tax deduction for federal taxes makes it a bit tougher to carry a house in NJ where $14k-$20k per year is typical property tax on $600k-$1M homes, and no tax help on any other property like a snowbird condo in Florida.

Still, if it weren’t that my grown children are going to live in the south and want us to be close, I’d go the snowbird route until the budget would become too stressed.

OTOH, being close to your kids and hopefully grandkids, in a warmer climate with about $10k more of retirement income annually in your pocket, sounds pretty nice as well.

Regardless, good health is precious where ever one chooses to live, as we all know.
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