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kimbutgar

(21,268 posts)

2. When I retire I plan on putting aside $1000 a month for my taxes and insurance

Reply to BWdem4life (Original post)

Sun Mar 17, 2024, 04:12 PM

Mar 17

I’m delaying my retirement to when my home is paid off which is in about a year and a half and then will also apply for social security at 70.

When I paid off my car I continued savings those car payments every month into an account that deducted that amount into my savings.

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Property Tax [View all] BWdem4life Mar 17 OP

Because the taxing entity has no financial incentive to encourage spooky3 Mar 17 #1

When I retire I plan on putting aside $1000 a month for my taxes and insurance kimbutgar Mar 17 #2

The Standard deduction is pwb Mar 17 #3

Yes. BWdem4life Mar 17 #8

Property taxes ae handled differently in each state and/or municipality. ShazzieB Mar 17 #4

Differs by state. NC for example has little in the way of property tax relief for seniors CousinIT Mar 17 #5

In NC it varies by county dweller Mar 17 #7

Question homegirl Mar 17 #6

Most likely if you google your county name BWdem4life Mar 17 #9

They don't know about this exemption because they didn't read their 1-page tax bill. HeartachesNhangovers Mar 17 #10

In Illinois seniors have to be low income ( under $64,000) questionseverything Mar 17 #11

$64,000 is low income? PoindexterOglethorpe Mar 22 #12

Washington State has a property relief program... Lars39 Mar 27 #13

AARP Foundation Property Tax-Aide jxla Apr 1 #14