I know someone that is full time RVing. Originally from Mass., in Utah currently, then onto CO for the winter. "Resident" of TX. Just have to spend 24hrs in TX. Hits it on the way out West and I believe again on their way back East.
, a surcharge on ur government health insurance, based upon ur taxable income two years prior.
401k contributions are considered pretax for NJ purposes, so no extra steps are needed. Even when you rolled it over to the IRA, the balance continues to be pretax. There are less frequent situations where the contributions could have been after tax, like if you made them over 40 years ago or elected to make post tax contributions, but those situations don’t come up too often. On the other hand, NJ does not allow a deduction for IRA or SEP-IRA contributions even if it was deductible for Federal purposes.
Same under ACA though it's more like that one dollar too much could cost an additional $20k unless the subsidies are eventually extended. While those in control hate the subsidies we know they have absolutely no plan for an alternative solution.
yep, records would have been bumming around internationally with passport stamps.
If you moved from NJ to NC, you likely established domicile in NC.
I feel betrayed, that plan was growing on me
This could be 1000% false, but coincidentally (they're listening) this just popped up on FB. This is the number of closed IRS audits for 2024.
Yep, I was thinking of doing that by establishing domicile in SD by changing my drivers license, car registration, voter registration, opening a local bank account, changing addresses for other legal documents.
"To be eligible for a South Dakota Driver License, you must have a physical residential address located in South Dakota, live full time in an RV/camper, or travel full time for work (for example, traveling nurse, truck driver, etc.).DPS - Department of Public Safety - Full-Time Travelers - Department of Public Safety
DPS - Department of Public Safety - Driver Licensing - To be eligible for a South Dakota Driver License, you must have a physical residential address locatedwww.sd.gov
My wife and I figure we are living on 50% less than when we both worked. There is no more commuting to work but have to commute to MTB ride first world problems. Children should be done college and married no cost. We still vacation the same as when we both worked. This does work for us. Being a union plumber never made a lot but comfortable and my wife a nurse, so we weren't bankers', police or fireman which in NJ do better and we couldn't be happier.
Our CFA plans for the Go Go years, the Slow Go years and then the No Go years. Says most people tend to spend more than their former income for the years just after retirement due to traveling much more while they still can. This all slows as they age. Based on seeing what both of our parents did this seems to be reality.
