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Need help figuring out what I can affrord out in cali! (how bad are taxes)

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    #16
    FICA does stop deducting way up there [and is different than federal taxes] but Medicare taxes never stop. Or we haven't see that happen yet--on wages anyway. We socked away as much as Uncle would let us in a 401K and had one new but cheap car and a used beater when we moved back to the states. Bought a house $50K below what the realtor said we could afford. Nice house but we'd be eating at a soup kitchen. I just wish I had a long term dis policy on me.

    I'd rent real cheap or share until you know the area and commutes. Then buy a condo or very nice but small house in very nice neighborhood. I think Cali has some gimp loans at cheaper rates.
    Courage doesn't always roar. Sometimes courage is the quiet voice at the end of the day saying, "I will try again tomorrow."

    Disclaimer: Answers, suggestions, and/or comments do not constitute medical advice expressed or implied and are based solely on my experiences as a SCI patient. Please consult your attending physician for medical advise and treatment. In the event of a medical emergency please call 911.

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      #17
      One bright note - when you pay through the nose in state and fed taxes, yet have a lot of deductions, you can look forward to a hefty refund check from the state and fed govt. I had so many deductible med expenses, plus tons of deductible mortgage interest on my condo, I got several thousand bucks in refund checks.

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        #18
        Awesome yah I still need to figure what I can deduct!
        Injured:10-16-04
        C7/C8, T1 incomplete;


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          #19
          Try to max out on your 401K if at all possible or push it to a point where it hurts a little. I think it's $14,500 per year (not certain in CA) and your employer will know. Annual bonuses and raises should provide for additional financial flexibility in the future. I have found that I tend to spend what I make and I've heard others say they do the same thing - buy a house or a nicer house, car, vacations, 120 inch flat screen with automatic foot massager, etc. So, if you invest early it's almost like you never had the money to spend. Later when things settle down and you are making more it's a good idea to have money invested on a monthly basis above and beyond your 401K.

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            #20
            I found out my company will match up to 4.5% my gross pay and match it 100% past that, they won't match it 100%
            Injured:10-16-04
            C7/C8, T1 incomplete;


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              #21
              So at the minimum, you want to put that 4.5% in to your 401k.
              T7-8 since Feb 2005

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                #22
                There is a place in Northern Ca., it's called SCI-Fit. It's exactly like project walk, in fact one of their first clients was the one who opened up SCI-Fit. My husband goes to it twice a week.

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                  #23
                  mikeswife,

                  that is the place I think I'll be going as well! I think its only like 30 mins away from San Jose.
                  Injured:10-16-04
                  C7/C8, T1 incomplete;


                  For stalkers convenience:
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                    #24
                    Originally posted by mr_coffee View Post
                    I found out my company will match up to 4.5% my gross pay and match it 100% past that, they won't match it 100%
                    That adds up fast Cody. With a mortgage write off you'll be sitting pretty. These days it's two 14 day cruises a year plus long weekends and the spouse isn't retired yet. I put as much of my SSDI into a SD IRA mainly in stocks and he has a separate fund also. Only problem now is the mortgage is almost paid off and no other deductions.
                    Courage doesn't always roar. Sometimes courage is the quiet voice at the end of the day saying, "I will try again tomorrow."

                    Disclaimer: Answers, suggestions, and/or comments do not constitute medical advice expressed or implied and are based solely on my experiences as a SCI patient. Please consult your attending physician for medical advise and treatment. In the event of a medical emergency please call 911.

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                      #25
                      mr coffee

                      Did you end up moving to California?

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