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Old 09-13-2014, 03:48 PM   #41
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Location: Lake Livingston, Tx
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Remember that deferred tax number of 8% is simple interest not compound. Still it is a choice of who is going to spend the money you or your kids. We currently pay the tax, but keep the deferment in sight in case we would have to use it.

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Old 09-16-2014, 01:13 PM   #42
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I try really hard but could not do this even $45K we could not manage. But if we really have to I am sure we can.

Originally Posted by DFW_M5 View Post
Not skeptical, but very curious. I would like to know how to live on $36K/year with a family of 4, in a $350K house, and not eat dog food.

Also, the discipline to have a $151K after tax income and be able to limit lifestyle to $36K is amazing. How many on this forum could duplicate that feat?

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