retiring

kenmac · Oct 22, 2019

dnw64 said:
Wow. Taxes on my (assessed at) $465k home are over $10k/yr, and would be more if I didn't have 30 acres in a state sponsored "current use" plan that reduces my basis by nearly $100k.

LOL I guess living in the wrong part of the country. But, your income most likely is higher than here to offset those higher taxes.

Mine just went up last yr. Prior to last yr, my taxes were $1100.00 on this place.

My home and property in your state might be worth more than it is in my state as well. I have 3500 sq all brick, 40x80 grrage, and a 40x40 pole barn, 40 acres , fenced for cows

I was wrong on my 13 acre river property. Got the notice in yesterday for it. $23.00 per yr instead of $25.00

Anyone in this state that is on disability pay no property taxes at all

ovrszd · Oct 22, 2019

My 49 yr old neighbor had stomach cancer ten years ago. Completely cancer free with no side effects now. Actually is Wintering in Florida. Hired a lawyer and got herself on disability...... sure glad Missouri makes her continue to pay taxes on her 40 acre property....

dnw64 · Oct 22, 2019

kenmac said:
I was wrong on my 13 acre river property. Got the notice in yesterday for it. $23.00 per yr instead of $25.00

That's actually ludicrous. It HAS to cost them more than that to service the account.

kenmac · Oct 22, 2019

dnw64 said:
That's actually ludicrous. It HAS to cost them more than that to service the account.

I guess, but it is what it is. I have power and water on the property. Before I added power and put water to the property it was less than $23.00. I believe they value the property at 45-50K. As I have stated, there is no structure on the property. I use to haul my RV there and stay

kenmac · Oct 22, 2019

ovrszd said:
My 49 yr old neighbor had stomach cancer ten years ago. Completely cancer free with no side effects now. Actually is Wintering in Florida. Hired a lawyer and got herself on disability...... sure glad Missouri makes her continue to pay taxes on her 40 acre property....

Well, In Al. if you are on disability, You pay no property taxes on land you live on. no matter how much land you have, as long as the land is contiguous to land the home sits on

If I were on disability, The only property taxes I would pay is the $23.00 for my river property. It doesn't matter that my wife also works, as long as I'm on the mortgage /deed, it's no charge

PILOON · Oct 22, 2019

Well I'll be 81 come November.
I 'semi' retired at 55, in that I did odd renovation jobs that interested me as well as some snow contracts.
Probably worked , more or less 30 hrs/wk all told, when and if I chose to.
OK, in Canada we have health care so that was not a concern, (and I had occasion to avail myself a few times)
I owned a small aviation enterprise (FBO and maintenance etc) and actually never earned more than $40k as such but invested. I think. wisely.
But then I'm considered frugal and very a DIY type guy.
Fortunately I am very mechanically inclined and generally can repair/maintain most anything I own.

YES, U can retire early if U are a DIY frugal type person!
But not if you need to impress others with your new $$ toys.
LOL, I keep my cars for average 8-10n years! (and shop for pre owned low mileage off leased vehicles) OK, time consuming but worth it over the long haul.
And I have 2! a 4 x 4 daily user and a nice 'toy' a Toyota MRE with low mileage that is (IMHO) a classic collectable.
Yes, it is all about not 'living up to the Jones'.

LOL, if U don't like how I look, then don't look.
As retired, I have two pairs jeans,
My 'everyday' and dressy to go out ones.

Have a good day!

Alien · Oct 22, 2019

Rort = dirty sneaky coniving ways of sucking money and blood from the hapless population that can do little about it.

goeduck · Oct 22, 2019

Alien said:
Rort = dirty sneaky coniving ways of sucking money and blood from the hapless population that can do little about it.

Well then our entire government has RORT down to a science :banghead::hissyfit::banghead:

zzvyb6 · Oct 22, 2019

$2.5M ought to do it for you. Healthy withdrawal rate, no mortgage, boat and vehicles paid for, home roof, furnace, AC, well all new. Staying out of expensive restaurants and collecting cash from hay, ebay and Craigslist cash sales. AND, IRA is still hanging on. Big 'hit this year was RMD at age 70-1/2 [ IRS rule ].

If nothing else, live now BELOW your means instead of WITHIN it. Take S.S. as soon as possible. Do the math: the catch-up age may be longer than you will live.