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The pros and cons of relocating for retirement in today’s housing market. ... Homeowners who are transitioning from an expensive state like California to a more affordable state may find their ...
First, here’s a look at the pros of renting in retirement — benefits that you don’t get if you own a home. Explore More: 8 States To Move to If You Don’t Want To Pay Taxes on Social ...
But there are both pros and cons to living in a state with certain tax advantages. Pro: You’ll Have To Pay Only Federal Income Tax The top federal income tax bracket is 37%.
Sources. Quarterly Report on Household Debt and Credit [PDF], Federal Reserve.Accessed December 13, 2024. B3-3.1-01, General Income Information (05/01/2024), Fannie Mae.Accessed December 13, 2024.
The Public Employees Retirement System (PERS) is the retirement and disability fund for public employees in the U.S. state of Oregon established in 1946. Employees of the state, school districts, and local governments are eligible for coverage. A health insurance plan for covered retirees was added to the program in 1987.
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