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Don’t retire here. Eight states don’t tax 401k.

Posted on 8/22/19 at 5:45 am
Posted by pforgetiger
Member since Jan 2019
33 posts
Posted on 8/22/19 at 5:45 am
Do your homework and find out how this state makes retirees suffer. Not only can you avoid those taxes, you can also avoid pension taxes.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 8/22/19 at 6:16 am to
quote:

Don’t retire here.


Where is here?

quote:

Eight states don’t tax 401k


Care to share which states those are?

You haven’t really given anyone any info, especially if you’re trying to help
Posted by BeerMoney
Baton Rouge
Member since Jul 2012
8377 posts
Posted on 8/22/19 at 6:20 am to
Appreciate the thought. Just looked it up. Florida or Texas, here I come one day.
Posted by pforgetiger
Member since Jan 2019
33 posts
Posted on 8/22/19 at 6:44 am to
Sorry, just figured you guys wouldn't mind researching a bit.
Posted by OleWarSkuleAlum
Huntsville, AL
Member since Dec 2013
10293 posts
Posted on 8/22/19 at 7:00 am to
quote:

Sorry, just figured you guys wouldn't mind researching a bit.



Posted by castorinho
13623 posts
Member since Nov 2010
82036 posts
Posted on 8/22/19 at 7:36 am to
quote:

Sorry, just figured you guys wouldn't mind researching a bit.
wtf
Will #6 blow our minds?

quote:

Texas, here I come one day.
just make sure you buy a cheap home
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119244 posts
Posted on 8/22/19 at 7:53 am to
Would love a link or data for this?
Posted by TheRustyShackleford
Baton Rouge
Member since Jun 2017
132 posts
Posted on 8/22/19 at 8:07 am to
"Retirement analysts hate him... see how this one TD Poster scammed the game"
This post was edited on 8/22/19 at 8:08 am
Posted by WG_Dawg
Hoover
Member since Jun 2004
86501 posts
Posted on 8/22/19 at 8:40 am to
quote:

"Retirement analysts hate him... see how this one TD Poster scammed the game"




ReTiRe comfortably using this one, WEIRD trick!
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 8/22/19 at 8:50 am to
quote:

Eight states don’t tax 401k.
No states "tax" 401(k)s. Nor does the federal government.
Posted by notsince98
KC, MO
Member since Oct 2012
18005 posts
Posted on 8/22/19 at 8:55 am to
quote:

Florida or Texas, here I come one day.


Texas is not a retirement friendly location. The property taxes suck you dry if you live anywhere near a major metro. Maybe the small towns in texas are better with regards to that.
Posted by yatesdog38
in your head rent free
Member since Sep 2013
12737 posts
Posted on 8/22/19 at 8:59 am to
It is called a state income tax. Yes some states don't have it.

genius you are not
Posted by Stiles
Member since Sep 2017
3404 posts
Posted on 8/22/19 at 9:59 am to
quote:

pforgetiger

You need a ban from this board.
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1576 posts
Posted on 8/22/19 at 10:06 am to
If you move your business to Puerto Rico, you won't have Federal tax NOW.
Posted by HotBoudin
Metry
Member since Sep 2003
880 posts
Posted on 8/22/19 at 10:16 am to
Move to Mississippi.
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
64059 posts
Posted on 8/22/19 at 1:13 pm to
Is that true?
Posted by NOSHAU
Member since Feb 2012
11923 posts
Posted on 8/22/19 at 1:19 pm to
If you are simply talking about states without income tax, there are 9 I believe.
Posted by Boatshoes
Member since Dec 2017
6775 posts
Posted on 8/22/19 at 3:01 pm to
quote:

No states "tax" 401(k)s. Nor does the federal government.


Wut?
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 8/22/19 at 3:03 pm to
quote:

Wut?


Distributions from 401k's are taxed. Not the 401k themselves.
Posted by kengel2
Team Gun
Member since Mar 2004
30821 posts
Posted on 8/22/19 at 3:17 pm to
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