Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Steve Felix who wrote (6074)	10/12/2010 10:48:18 PM
From: E_K_S	Read Replies (1) \| Respond to of 34328

Hi Steve - How do the return numbers look after paying the Federal & State income taxes due upon withdrawals from the IRA? This begins to make a difference especially in a high tax state like California (almost 10% State Tax not including Federal income taxes). One option I am looking at is to move to a no income tax State at age 62 1/2 when I plan to withdrawal from my IRA. I might even look at living 6 months and one day in a no income tax State and then spend the rest of my time in a 2nd home as a non resident in some other state (Hawaii sounds nice). When you begin to look at the numbers just for the State taxes it begins to be a significant amount. Of course there are many other factors that dictate where one wants to live including family, friends and even health care costs and hospital locations. I think when I ran the preliminary numbers just for my own IRA, I would save over $100K in State taxes if I lived in a no income tax state at age 62 1/2. This strategy becomes moot if the no income tax state begins to tax income or you die. EKS

To: Steve Felix who wrote (6074)	10/13/2010 3:04:48 AM
From: JimisJim	Read Replies (1) \| Respond to of 34328

Very interesting... how did you determine position size within sector/individual stock allocations? Thx, Jim