Retired Law Enforcement from Michiga
Just wanted to get in contact and get some advise from any retired officers from Michigan that have the MERS retirement. I'll be retiring in 2yrs after 25yrs, me and the wife want to full time rv but ...
Forum Discussion
This is actually pretty easy to determine. Just use google to search.
There are several states that do not charge tax on retirement income (including Social Security payments) and a few that don't charge any income tax at all.
But that ONLY relates to state income tax. You still will have to pay income tax on all of this to the federal government. Can't get away from that.
But I think gbopp has the best advice. Talk with someone at your Fraternal Order of Police. I'm willing to bet they have a lot of information already available for you.
And thanks for your service.
There are several states that do not charge tax on retirement income (including Social Security payments) and a few that don't charge any income tax at all.
But that ONLY relates to state income tax. You still will have to pay income tax on all of this to the federal government. Can't get away from that.
But I think gbopp has the best advice. Talk with someone at your Fraternal Order of Police. I'm willing to bet they have a lot of information already available for you.
And thanks for your service.
