Sometimes you just don't know what you need to know [retirement planning, Medicare, Social Security, income taxes]

Parent Cafe
21

For people who live in Duluth MN or Superior WI (right next to each other), it would be hard to always stay within state line.

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22

Good points about state line factors. I’d only thought about risk of moving to another state (but maybe there are exceptions in that case?)

23

We live near the state border. Our state does not tax teacher pensions (and probably other public service pensions as well–don’t know). The state next door does. I know of several teachers who moved across the state line upon retirement as a result of this fact.

24

Our state doesn’t tax pensions but we are otherwise a VERY high cost of living (especially real estate) location.

25

Back in the day, the company I worked for would routinely move execs around to various places in the country. Once they were close to retirement age, if necessary, they’d be moved from a state with an income tax or a tax on their retirement accounts back to Washington, where there is no income tax.

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26

DH’s small pension will be taxed- whether we stay here or move closer to the kids.
In the “don’t know what you don’t know”, I am glad I was careful looking at personal dental plans. Our dentist is in network with Cigna, and only with one particular type of Cigna, but only one of the plans the agent was sending me for review were in that plan my dentist accepts. Glad I checked with the dentist office And that I double checked the policies being proposed.

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