My daughter and her husband paid, for a very old three bedroom, two bath home on a postage stamp lot with one parking stall and precious little street parking, $3,400 a month.
BTW, I like to bug my Seattle friends about the property taxes on my place. 32 acres with two streams and a natural well, newer home and large barn and $565 a year in property taxes.
And when we reach 65 next year it will be closer to $350.
Our SS alone will come close to $44k, tax-free. I’ll still never come close to getting what I paid into it, but still...
Tell them I pay nothing.
Dont you pay federal income tax on Social Security? Many states dont tax SS but I thought the Feds tax 85% of your SS if you earn over $34,000 in other income.
Is that wrong? Is all SS money untaxed by the Feds?