The New "What did you do with your Z today" (with off topic replies) XXVIII

Rusty

Lucky you. I may have to pay again. Last year, I paid $27,000.

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Spoiler

Yes this past year with the higher then usual capital gains may prove to be painful to many... or “”painus” if you will...

Rusty

The year I retired. I moved some money around from a couple of retirement accounts into one. And left some out to pay off some bills. Well............I forgot to pay taxes on the money I left out.
This year. I have some capitol gains that I might have to pay on.

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"The Difficult Anytime, The Impossible By Appointment Only"
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onzedge

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Spoiler

Forgot to pay taxes.. LOL... hope you look good in an orange jumpsuit...

Seriously, having just retired this past fall at 57, I’m certainly thinking of what could happen. With an unusually big increase in the stock market, it certainly could appear as huge earnings to accrue on despite it being just on paper at this point.

I do have a guy though that I have been working with for about 20 years now that should allow me to not pay much in taxes ever again... but it has been in planning for years ...

Rusty

We had the money sitting in a money market account. It was just OH...CHIT! when we was told.

Being in Pa. We only have to pay the fed taxes. No state taxes on retirement income. We've looked at other states to move to. We would find advantage in one thing, but lose out on something else. The big shocker was obomacare. Christ, as that gone up. Before obomacare. I could have gotten a PPO for $500 a month for two. The first year of obomacare was $1,200 a month. Now it's $1,800.

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浪人 - 殺し屋
"The Difficult Anytime, The Impossible By Appointment Only"
http://www.the370z.com/members-370z-...o-journal.html

JLarson

Apparently, we're up to 18% of GDP being spent on healthcare. Not good. My parents are paying over 2k/month.

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eastwest2300

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Rusty

Binge watching reps are out.

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"The Difficult Anytime, The Impossible By Appointment Only"
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Leingod

H... How so much if you don't mind me asking? In my mind, if someone has to pay that much. You have the money to spare. Haha. 27k though... Sheesh

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Rusty

That was on $140,000. Between the wife and me. We have over one million in a retirement account. My last 15 years. I was putting the max amount into my 401K a year. About $17,000, then for the last 10 years, $23,000. We get a set amount every month for the rest of my life, and my wife's life. Plus social security. Which I will get in a few months.

I've been planning my retirement still 1990.

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浪人 - 殺し屋
"The Difficult Anytime, The Impossible By Appointment Only"
http://www.the370z.com/members-370z-...o-journal.html

DeliriousClam

This reminds me of the IRS hoedown whose line is it anyway
"I don't file my taxes every single year
I guess it's the IRS I really really fear
I guess that side of me doesn't show a lot of class
But every time I do they seem to **** me up the ***"

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