Population:
280,364
Nearby large city:
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Omaha
What $300,000 will buy:
4-bedroom, 3-bath custom-built home with a 3-car garage in the Trendwood area
Much like Omaha to the north, Lincoln’s economy has seen rapid growth in recent years, driven by commercial development, several local hospitals and universities, and a growing number of entrepreneurs and start-up companies. The city boasts one of the lowest unemployment rates in the country.
Last year, the median sales price for a single-family home in Lincoln was $207,500, 7% higher than a year earlier; the median property tax for Lancaster County is $2,838. But with plenty of homes on the market, buyers typically have the upper hand. Retirees who prefer to be close to the city’s core may enjoy the apartments and condos in the Haymarket district. Those looking for a little more space often gravitate to the Country Club and Bishop Park neighborhoods south of downtown, or Eastridge, which has many single-story homes.
The Cornhusker State offers little in the way of tax breaks to retirees. Most retirement income, including pensions and retirement-account withdrawals, is taxed at ordinary income tax rates, which run as high as 6.84% for married couples filing jointly who earn more than $59,180 a year. Nebraska has an inheritance tax with rates ranging from 1% to 18%; assets inherited by spouses and charities are exempt. The total rate for state and local sales tax is 7.25%.
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457 Plan Contribution Limits for 2025Retirement plans There are higher 457 plan contribution limits for state and local government workers in 2025 than in 2024.
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Medicare Basics: 11 Things You Need to KnowMedicare There's Medicare Part A, Part B, Part D, Medigap plans, Medicare Advantage plans and so on. We sort out the confusion about signing up for Medicare — and much more.
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Six of the Worst Assets to Inheritinheritance Leaving these assets to your loved ones may be more trouble than it’s worth. Here's how to avoid adding to their grief after you're gone.
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SEP IRA Contribution Limits for 2024 and 2025SEP IRA A good option for small business owners, SEP IRAs allow individual annual contributions of as much as $69,000 in 2024 and $70,000 in 2025..
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Roth IRA Contribution Limits for 2024 and 2025Roth IRAs Roth IRA contribution limits have gone up. Here's what you need to know.
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SIMPLE IRA Contribution Limits for 2024 and 2025simple IRA The SIMPLE IRA contribution limit increased by $500 for 2025. Workers at small businesses can contribute up to $16,500 or $20,000 if 50 or over and $21,750 if 60-63.
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457 Contribution Limits for 2024
retirement plans State and local government workers can contribute more to their 457 plans in 2024 than in 2023.
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Roth 401(k) Contribution Limits for 2025retirement plans The Roth 401(k) contribution limit for 2024 is increasing, and workers who are 50 and older can save even more.
