Posted by George Marsh on September 14, 2010 at 18:19:21 from (71.127.16.203):
In Reply to: retire posted by larry@stinescorner on September 14, 2010 at 16:07:00:
I retired at 55. Had everything paid for, no debt. Had over 400K in 401k and 3k/mo in other investments. Make more retired than when I was working. Pay more in taxes too. If you can't maintain your income lever, don't retire. Inflation will catch up with you and you won't be happy. My brother found that out! In 12-15 years from now everything will cost twice as much. Try to live on just what you will make in a pension for a year and see how happy you are. Pay off all your debts too.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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