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<blockquote data-quote="Jackburton" data-source="post: 1078954" data-attributes="member: 34538"><p>Another reason to do the Roth option of our 401k, no more taxes on your money and the growth from it. Pension will be taxed and I don't want to add more to it. Last I checked Georgia is/was putting a limit on taxing retirement income from seniors at a certain age to 60k. Meaning anything above that threshold would be taxed at ordinary income tax rate. They were doing this because both Tenn and Fl have no state income tax and retirees move based on these tax friendly states treatment. Hoax may have already looked into this, I'm no where near ready to leave the farm.</p></blockquote><p></p>
[QUOTE="Jackburton, post: 1078954, member: 34538"] Another reason to do the Roth option of our 401k, no more taxes on your money and the growth from it. Pension will be taxed and I don't want to add more to it. Last I checked Georgia is/was putting a limit on taxing retirement income from seniors at a certain age to 60k. Meaning anything above that threshold would be taxed at ordinary income tax rate. They were doing this because both Tenn and Fl have no state income tax and retirees move based on these tax friendly states treatment. Hoax may have already looked into this, I'm no where near ready to leave the farm. [/QUOTE]
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