Check These Out: Buddy Finder | Videos | SpouseBUZZ | My Friend Network | News | Military Equipment


Military.com    Military.com Forums  Hop To Forum Categories  Coast Guard Discussions  Hop To Forums  Pay, Investing and Retirement Planning    Tax free States for retirement?
Go
New
Find
Notify
Tools
Reply
  
  Login/Join 
Basic Training
Posted
Greetings all.

I'm getting to the point where our next unit will be our last. And, as such, we are hoping to position ourselves so that our last unit is in the area where we want to retire to.

That being said, is there someplace that lists what States do not tax military retirement income?

Thanks in advance.
Andy

EDIT: Found it.

http://www.military.com/benefits/military-pay/retired-p...etirement-income-tax
 
Posts: 179 | Registered: Sat 24 April 2004Reply With QuoteEdit or Delete Message
Basic Training
Picture of imabravesfan
Posted Hide Post
Here's another site with additional details that you may find helpful:

Retirement Living Information Center
 
Posts: 99 | Registered: Fri 12 March 2004Reply With QuoteEdit or Delete Message
Member
Posted Hide Post
Good, albeit, dated information from both of those sites. Although Washington has no income taxes, period (hooray, wa!), it does list the state as having one of the highest sales taxes in the country - got to pay the government bills somehow, right?. The rate listed for Washington was incorrect. Our sales tax is 8.9% as of this writing.

Of interest though is since we pay no income taxes, on the federal 1040, we can deduct a large portion of the sales tax from our income using a provided tax table inside the 1040 instruction booklet. Hooray again!

Remember it rains in Seattle every day, so don't make plans to move here, okay? Cool
 
Posts: 1062 | Registered: Thu 19 October 2000Reply With QuoteEdit or Delete Message
I intend to live forever. So far, so good.
Picture of Wray
Posted Hide Post
Yeah, Florida has gotten full too.. have to go to AZ...

Hey, Stan has a pool out there Big Grin Big Grin

Wray... Cool
 
Posts: 13347 | Registered: Fri 22 September 2000Reply With QuoteEdit or Delete Message
Basic Training
Posted Hide Post
Alaska is a nice place.
 
Posts: 172 | Registered: Fri 09 May 2003Reply With QuoteEdit or Delete Message
Basic Training
Posted Hide Post
Badge3157 is correct about Washington Sales Tax. The real beauty of the state of Washington is that it is located directly above Oregon, which has no sales tax. If you position yourself in a location in southern Washington, you can take advantage of the best of both worlds; no state income tax and no sales tax. Portland and Astoria are two towns that have large CG populations that provide opportunities to live across the river in Washington (Vancouver and Long Beach). It is working out great for me! Beer
 
Posts: 7 | Registered: Sat 19 January 2008Reply With QuoteEdit or Delete Message
Basic Training
Posted Hide Post
Add Ohio as No tax state as of 01 Jan 08.

Roger
 
Posts: 123 | Registered: Thu 25 September 2003Reply With QuoteEdit or Delete Message
Basic Training
Posted Hide Post
Alabama does not tax Retitrement or survivors benefits.

Mike
 
Posts: 126 | Registered: Fri 31 March 2006Reply With QuoteEdit or Delete Message
Member
Posted Hide Post
No tax on retirement in Michigan. No one wants to swim in my pool.
 
Posts: 951 | Registered: Mon 19 February 2007Reply With QuoteEdit or Delete Message
 Previous Topic | Next Topic powered by eve community  
 

Military.com    Military.com Forums  Hop To Forum Categories  Coast Guard Discussions  Hop To Forums  Pay, Investing and Retirement Planning    Tax free States for retirement?

© 2008 Military Advantage, Inc.