re three legs... its important to consider state taxes. I originally was unhappy about how NJ taxed 401k retirement income. but with the personal exemptions and the $6000 veterans exemption I am now in a tax bracket that allows me to take advantage of the $100,000 retirement exemption. By maxing out my SS benefit which is not taxed by the state I pay no state tax
Comments:
re three legs... its important to consider state taxes. I originally was unhappy about how NJ taxed 401k retirement income. but with the personal exemptions and the $6000 veterans exemption I am now in a tax bracket that allows me to take advantage of the $100,000 retirement exemption. By maxing out my SS benefit which is not taxed by the state I pay no state tax
Post: Three Other Legs
Link to comment from May 11, 2021