Posted by pburchett on July 01, 2018 at 12:03:19 from (12.182.196.81):
This is my 25th year teaching, (Chemistry-Physics) so this year and 2 more to go. My retirement income will be $28,500 per year before taxes. I will be taxed on this for 3 years-till I reach the age of 55 as the current retirement system dictate.
I live in the poorest most rural county in Kentucky, McCreary County. County population is less than 15,000 and the city population is less than 1,000. The national forest takes up something like 75% of the county. The government is the biggest employer with food stamps, welfare. There is a Kroger, a McDonalds and an Arby’s along with a Lumber King and a few privately owned gas stations and stores (pallet returns, thrift shop, and a couple of private restaurant’s). Worse than BFE: At least Egypt has the pyramids.
Wife teaches also but has another 12 years to go as she stayed home and raised our kids. They turned out good, no thanks to me. They will go to college debt free with their scholarships and our help.
Have a home with 11 acres of hills, a barn and a 24 x 36 concrete block shell in the back woods, vehicles and a Kubota with 3 years of payments left.
I will want a supplemental income. I can do about anything but lay brick/block, but I am also not as young or buff as I once was due to inside work most of the year. I don’t want a home business where people come to my property due to liability, but I could work from home or use it as a base. I wouldn’t buy into a franchise as similar businesses could be started independently without the large fee. Keep in mind I can move, but I’m not suited for big city life and the wife wants to move to the beach.
I figured with the vast amount of experience on here someone would have a suggestion.
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