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Old April 24th 08, 02:13 AM posted to rec.aviation.owning
Alan[_6_]
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Posts: 163
Default Owning in retirement

In article "Robert M. Gary" writes:
On Apr 22, 7:24=A0am, Orval Fairbairn
wrote:
In article ,


I always made the max contributions to my 401(K) plan, retired early,
sold my 3-BR 2.5 bath townhome in CA, bought a 3 BR, 3 BA hangar homw,
with pool in FL. The 401(K), plus pension, plus Social Security, less
the state income tax and Social Security tax, enables me to do it.


*Your not paying state income tax*???? Christ, I just paid the state
of California over $30,000 in income tax. Man, I need to get some of
that FL myself. I'm paying $600/month in property taxes for my house
and I can't even write it off (AMT). I just bought a used boat and had
to pay almost $2000 in use tax. I think I'm getting the short end.



You are making about $346,200 and think you are getting the short end?

How rough it is.


Alan