Posted on 03/08/2011 6:59:28 AM PST by KeyLargo
Edited on 03/08/2011 7:02:30 AM PST by Admin Moderator. [history]
Springfield, Ill. - The president of the state Senate says Illinois should consider taxing the retirement income of some senior citizens.
Chicago Democrat John Cullerton said Monday that Illinois needs to overhaul its "outdated" tax system. As part of that process, the state could tax pensions or 401(k) plans for wealthier retirees.
(Excerpt) Read more at myfoxchicago.com ...
Penny Pritzker worth 1.7 Billion.
You have a decent strategy. I think also having some rental property (if you can manage it) and a pile of gold and/or silver is not a bad idea either.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.