So I'm looking at ...See MoreI've been figuring my pension amount; that's easy -- it'll be between $2200-2300/month. But how much of it will I get to keep?
I see that federal taxes are 15% on $18,651 - $75,900 ... and even with some investment income, we'll be under $75,900.
And I see that NC taxes are 7% on $12,751 and $60,000.
So I'm looking at 22% of my pension going to taxes. That's outrageous.
Do I understand correctly that you do not pay Social Security on pension payments?
I'm currently paying over $600/month for insurance for my family. The state covers MY basic insurance cost, right? My last kid'll be out and on her own. How much can I expect to pay for my husband's insurance in retirement?
I am too you...See MoreAlmost There, Congratulations on being almost there! I do pay state and federal taxes out of my pension check, but not my Social Security check.
I voluntarily pay 15% of my Social Security check toward federal taxes because I do not want to pay at the end of the year one lump sum. I started collecting SS at age 62.
I am too young for Medicare and 0ur county does not pay any of our insurance after we retire. I now pay slightly over $600 a month for insurance for just me(no dental or vision) minus a small stipend from the state each month for life ($144). Needless to say, I am looking forward to turning 65! I have no dependent children, and my husband has his own insurance.
I am too you...See MoreAlmost There, Congratulations on being almost there! I do pay state and federal taxes out of my pension check, but not my Social Security check.
I voluntarily pay 15% of my Social Security check toward federal taxes because I do not want to pay at the end of the year one lump sum. I started collecting SS at age 62.
I am too young for Medicare and 0ur county does not pay any of our insurance after we retire. I now pay slightly over $600 a month for insurance for just me(no dental or vision) minus a small stipend from the state each month for life ($144). Needless to say, I am looking forward to turning 65! I have no dependent children, and my husband has his own insurance.
I assume you are a non-Medicare retiree. The rates for this year are posted on the NC treasurer website or google NC State Health Plan. Looks like about $683 for spouse for 80/20 plan. No rates announced yet for next year.
...See MoreYes sir, we had rain from Oct all the way through mid April. Blowing wind, rain, clouds, a real way to end the drought. Rain and more Rain. Anyway the garden is in, the soil temperature ready for growing. Spent more than a week pulling runners and strange looking grass invasive roots. Strawberries doing good, oranges done for the season.
In two days we went from winter to spring summer. Did a test run of the AC just in case.
Life is good retired and getting paid for not working! Hopefully all the retired t.net posters can share what is going on in the rest of the country.
You may have to play around with posting. You need to get to the topic and name part.
> Life is good retired and getting paid for not working! Hopefully all the retired t.net posters can share what is going on in the rest of the country.
Hear, hear!
> You may have to play around with posting. You need to get to the topic and name part.
You don't need to add a name if you are logged in.
Note that you will need to be logged in to COMMENT on posts, so if you haven't already, you should register and grab a screenname you like.
Also, if you have registered, take a moment to upload a profile pic. It really makes the post and feed look nicer, and we can get an idea of the persona behind the post.
you have to click retired teachers on the left side or pull down chatboards and go to retired from there. Also, you can post as a guest. Let's get going again.
If you spot a...See MoreOn 4/28/17, ron/nj wrote: > you have to click retired teachers on the left side or pull down chatboards and go to retired from there. Also, you can post as a guest. Let's get going again.
There were about four different places linking to the Retired Chatboard - I missed one, and it still pointed to the old board.
If you spot a link to the old one (retired.teachers.net/chatboard not teachers.net/mentors/retired/) let me know where you spot it, if you could, and I'll swap up the link.
Welcome to the new home of the Retired Teachers Chatboard. Retired teachers and teachers approaching or with an interest in retirement are encouraged to post here. Bookmark this resource and tell a friend!