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PoindexterOglethorpe

(27,649 posts)

7. Apparently there are real advantages to being relatively poor.

Reply to sinkingfeeling (Original post)

Sat Mar 29, 2025, 11:29 PM

Saturday

Lower taxes, but a whole lot less money.

So all of you who are having much of your SS taxed, be grateful that you have that much income to be taxed. Really. Think about having significantly less income, like maybe a half or a quarter of what you currently have, and that's what I'm living on.

It does help that my financial advisor put me into various investments, not all of which are taxed, or not taxed very much.

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What percentage of your Social Security income is taxed? Mine is 85%. [View all] sinkingfeeling Mar 28 OP

Zero Faux pas Mar 28 #1

My income from another pension and dividends. sinkingfeeling Mar 28 #2

Aha Faux pas Mar 28 #5

On the up side, you have a lot more PoindexterOglethorpe Mar 28 #3

I also pay tax on 85% of my SS. When I retired doc03 Mar 28 #4

48.27% jxla Mar 28 #6

Apparently there are real advantages to being relatively poor. PoindexterOglethorpe Saturday #7