martyb
Thinks s/he gets paid by the post
One might avoid Fed & State tax by either (1) spending from savings, (2) taking from a Roth IRA.
We payed a lot in taxes this year.
I will be retiring in a state that will not tax any of my retirement income (Texas or Louisiana). That includes my federal pension(s) & withdrawals from my TSP. Also, I expect to be in a 10% or so federal tax bracket. My retirement planning is all calculated on net income numbers, since that's the only part that actually makes it into my checking account.