RE: No retirement

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? >>
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