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I was in the same boat as you, Hank. I was married to a woman who deposited 16% of her income into "her" 401(k) while I paid the house off and paid all the bills from consulting income. When she left four years ago, she walked away a semi-wealthy woman... with the house, savings, everything except one 386SX and my clothes. I'm back now... > ---------- > From: HankHeath@aol.com[SMTP:HankHeath@aol.com] > Sent: Tuesday, December 01, 1998 12:13 PM > To: cgalgano@ediconsulting.com; MIDRANGE-L@midrange.com > Subject: Re: No retirement > > Carl: > > I probably intimated some of this before, so I apologize if this is > repetitious. > > I had a very good retirement plan with sufficient savings, a lowered > lifestyle, a retirement home fully paid for, and interesting activities > all > planned out when I was in my late thirties. In fact, I took a couple of > years > off in mid-thirties to teach college. This was a test to see if I could > stand > the slower pace of retirement (college teaching is not that challenging). > I > thought I had the system beat. > > Then the system beat me during a divorce. I was allowed by the state of > New > York to lose everything I had - savings, house, possessions, and all of my > income to child support. They were very nice about it. I could keep my > life, > if I could figure to pay them more than my income, and still make more on > the > side to feed myself. > > It taught me a very important fact of life: you have no civil rights if > the > state determines a way of depriving you of them. I really didn't know that > before. > > It has taken me ten years to recover from that. I now am making the > equivalent > of double my income of ten years - adjusted for inflation. I am now > rebuilding > my nest eggs and making plans for the future. > > Retirement? Nope. I don't trust the governments to leave me in peace if I > fall > back on a retirement scheme. As a result, I am building a stream of > investments to supplement my income as it falls off during my later years. > I'll keep working, because I love the work. There's more detail to this, > but > that's more than enough for now. > > Hope that answers your question. > > Sincerely, > > Hank Heath > > In a message dated 11/30/98 10:21:39 AM Eastern Standard Time, > cgalgano@ediconsulting.com writes: > > << What are your plans Hank? >> > +--- > | This is the Midrange System Mailing List! > | To submit a new message, send your mail to MIDRANGE-L@midrange.com. > | To subscribe to this list send email to MIDRANGE-L-SUB@midrange.com. > | To unsubscribe from this list send email to > MIDRANGE-L-UNSUB@midrange.com. > | Questions should be directed to the list owner/operator: > david@midrange.com > +--- > +--- | This is the Midrange System Mailing List! | To submit a new message, send your mail to MIDRANGE-L@midrange.com. | To subscribe to this list send email to MIDRANGE-L-SUB@midrange.com. | To unsubscribe from this list send email to MIDRANGE-L-UNSUB@midrange.com. | Questions should be directed to the list owner/operator: david@midrange.com +---
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