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CO Horn

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Posts posted by CO Horn

  1. My daughter's boyfriend is from Maui and she spent a few weeks with his family in Kula last month.  His Dad is a famous surfer and owns a few businesses in Maui.  The boyfriend was going to school in Colorado, graduated in May.  He was planning on moving back to Maui in a couple of weeks and has been a wreck knowing there's nothing he can do to help and not knowing how they were doing.

  2. Texas - Magnolia Cafe, Home Slice, Lankford, Magnolia Pancake Haus, and Casino

    Colorado - The Sink, Sams No 3, The Roost, The Post, Beau Jo's Pizza, Samples Bistro; Blue Pan Pizza, Hops & Pie, The Feisty Pint, Audrey Jane's Pizza Garage, Taco Party

    Kentucky - Parkette Drive-in

    • Like 2
  3. 39 minutes ago, SydneyCarton said:

    The Tax stuff coming up is interesting. One of our close couple friends, the wife is a very intelligent comptroller. She's also from Alabama, went to Mississippi State, and generally speaking her kneejerk instincts are on the conservative/religious stint. That being said, she's kind and tolerant of others and no Trumpkin. So with the profile out of the way, we were bullshitting about retirement the other day, and places to retire, and she rolls out the notion that red states would be much superior to blue states for retirement for, generally speaking, tax purposes. Lower Taxes, or no state income taxes, etc etc. While on it's face that made some sense to me, after about 10 seconds of thought, I responded that I don't think that's the case. If you're retired, you're only going to be taxed on the money you take out, depending on the investment vehicle, and that shouldn't be all that much in many cases. Additionally, I could be sitting on zero income every year and living off a huge pile in a checking account, and I'd still get hit with property taxes in a place like Texas. 

    Any of you experts or folks with different experiences in different states have any thoughts? I know each state will be different, and there's no obvious answer, but I'm curious if anyone else has given this thought and or folks have positive versus negative experiences retiring to different places?

    Per Kiplinger, Texas is one of the least tax friendly states for retirees.  Colorado came in as one of the best states for retirees.

    You might be surprised to see the Lone Star State on the list of least tax-friendly states for retirees. After all, isn't Texas one of the handful of states with no income tax? Well, yes, it's true that there are no income taxes in Texas...which means no taxes on Social Security benefits, pensions, 401(k)s, IRAs, or any other type of retirement income. But a lot of states don't tax these types of retirement income anyway (or at least partially exempt them), so states without any income tax don't necessarily have an advantage over other states when it comes to taxes on seniors.

    Texas' main problem is with its property taxes. The state's median property tax rate is the seventh-highest in the country. For our hypothetical retired couples, that means an estimated annual property tax bill of $4,383 for the couple with the $250,000 home and $6,136 for the couple with the $350,000 home. On the bright side, seniors may be able to get a $10,000 property tax exemption, have their tax bill "frozen," or delay payment of taxes.

    Sales taxes are on the high end in Texas, too. The state imposes a 6.25% tax, but local governments can tack on up to 2% more. When combined, the average state and local sales tax rate in Texas is 8.2%, which is the 14th-highest combined rate in the country.

    • Hook 'Em 3
  4. 44 minutes ago, mchookem said:

    update - under contract here in Denver...and ended up with pretty much the opposite of what we initially thought we'd get lol...instead of a giant half-empty house in the suburbs, we got a good-sized townhome in an excellent area much closer to the city center 😄 

    fyi - surly mortgage/RE connections are aces🤘

    this was the first place we looked at...then we looked at about 25 houses in every possible Denver suburb...then came back to look at this place again. the decision came down to this place vs. a gorgeous suburban home that i would have been equally comfortable in but would have been at least a 10-15 minute car ride to most everywhere. ultimately low maintenance and proximity to pretty much everything won out. 

    i guess unlike most, we chose to continue our relatively urban lifestyle in retirement, at least for now. we'll be walking distance (<1 mile) to literally everything (grocery, park, gym, bars/restaurants, etc.). it has a small courtyard instead of a yard. i guess we really do just like the diversity and 'busyness' of city life. i'm pretty excited. 😊

    i'll say this...you get a LOT more home for your money in Denver than we did in Austin. the property tax difference is mind-bottling lol, literally hundreds of dollars a month. yeah there's an income tax, but it's relatively low, and even lower for my other half b/c he's 65+.

    anyways...just a report from a 2-week old Texpat 🙂🤘

    Yes, depending on the home value, the property tax savings offsets the state income tax.  Our current home is assessed at about $850K and our property taxes are a little over $6K.  We're looking at moving to a new home in an unincorporated area.  Sales tax will be 2.9% as opposed 8.52%.  Will save quite a bit on Amazon purchases.

  5. 41 minutes ago, Chewbacca said:

    And all 3 MAGA candidates for statewide office (Sec State, Governor, US Senate) lost their primaries yesterday.  Boebert won hers, sadly.

    I think CO is pretty solid blue at the state level. There has only been one republican governor since 1975.  At the Congressional District level, District 4 & 5 are solid red.  Boebert's 3rd district is the most vulnerable in my opinion.  We'll see what happens in the new 8th Congressional District.

  6. On 5/30/2022 at 12:21 PM, 66BUFF said:

    KC brisket tastes like low grade Arby's.  Rudy's would own the BBQ market in Colorado

    They have/had two Rudy's in CO.  There was one in Greeley that closed, but I believe the one in Colorado Springs is still open.

    Wayne's Smoke Shack in Superior is legit.  His restaurant was closed after the fire in December and I don't think it's re-opened.

    • Hook 'Em 1
  7. 28 minutes ago, Hank Kingsley said:

    There wasn't a single "smart" person involved in the insurrection planning. She is absolutely DUMB enough to be involved. And there needs to be a serious investigation into her actions.

     

    No doubt.  I think she was just relishing in the fact that the assault on the Capitol forced the Far-Left Speaker to flee from the House Chamber.

  8. 10 minutes ago, Patrick Bateman said:

    Get on point, boys.  This traitor was live tweeting about Pelosi during the invasion of the Capitol.  Pelosi is fucking furious and she'll be lucky to keep her seat.  She a fucking Q nut and wouldn't be shocked if she was somehow involved in the planning.

     

    I truly don’t think she’s smart enough to have been involved with the planning. 

    • Hook 'Em 1
  9. 4 hours ago, HillaryFan420 said:

    This is fascinating.  During the first three years of Trump's presidency, wages for the lowest paid workers grew faster than wages for the highest paid workers.  The opposite of these trends under Obama's second term.  

    EmoOPBXW8AAJILQ?format=jpg&name=large

     

    I'd like to think State increases in the minimum wage would be impacting this chart.  Just think what will happen if Biden increases the Federal minimum wage?

  10. 19 hours ago, Reynolds Woodcock said:

    My best guess (and hope).  I will continue to believe FL, IA, GA, TX and OH are red until proven otherwise. Putting all my eggs in the North Carolina + Arizona basket to get an election night call and avoid waiting days for WI and PA.  

     

    PRm80

     

     

    This is almost the same as mine, but I'm giving Trump NC and Biden GA

  11. 1 hour ago, Goredho said:

    Am in Colorado.

    • For Biden (D): An America shaped by Trump and his ideology is not where I want to live
    • For Hickenlooper (D):  An America shaped by Trump and his ideology is not where I want to live
    • For every other (D) on my ballot:  An America shaped by Trump and his ideology is not where I want to live
    • I did not vote in any races where the Rs were running unopposed.  When faced with a GOP or Libertarian choice, I voted Libertarian.
    • For judges up for renewal, I voted yes for all.
    • Ballot measures: Voted to preserve all the tax related things that keep Colorado running as is.  I think its a pretty damn well-run state.  I voted to allow an expansion of gambling in some areas that have it already, against reintroduction of wolves because they are moving into the state from the NW already, against an abortion limitation, and against a requirement for electors to follow the national public vote as I think they should vote the interests of the majority of Coloradans and not the majority of the rest of the nation.

    In CO, and voted as did Goredho.  Voted for every Democrat, and against any GOP/Conservative ballot amendments/propositions, save one, the National Popular Vote.  A no vote was for the conservative side of things, but CO is a solid blue state now and should be in the future.  I'd hate to see the Dem win the CO Popular Vote, and have the electoral votes go to the GOP candidate should they win the National Popular Vote.  Again, don't see that happening, but not going to risk it.

    • Hook 'Em 3
  12. 35 minutes ago, Nice Guy Eddie said:

    I'm interested in seeing how the extremely vulnerable GOP senators handle an impeachment trial. They usually run from reporters today when Trump's name comes up. They won't have that option when it comes to voting at the trial.

    Take Gardner (R-CO) for example. By all accounts, he's losing badly in the polls. He can continue this path, vote to acquit, and be out of a job in 12 months. If Trump is still President maybe he can get an admin role.  Or he vote to convict, face a tough crowd back at home, suffer thru Trump attacks, but maintain a small chance of winning.  Is it better to have a 5% chance or 0%?

    If you want to make that argument, why did none of the retiring GOP representatives vote to impeach?  They have nothing to lose.  Gardner would likely not benefit by supporting impeachment.  Not sure if there would be a chance of him being primaried, but many GOP voters would not vote for him if he voted to impeach Trump.

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