Re: Gov't Dependent Early Retirees? GDER

[MRGALT2U]

Howdy Allan! (practicing my Texas talk).

We bought 7 acres (just a big lot in Texas - would be a ranchette up north), about 50 miles north of Dallas
near Lake Texoma. We fish and boat and needed to be
near big water. The final decision on where to locate
hinged on my having lived in Irving, Texas for 4 years
before I retired completely. Thus, I know the territory
and feel comfortable there (North Texas). My wife and I are both country people and were very happy to find this place after a lot of looking.

[unclemick]

Quote:

I paid cash for our present home and will not have a mortgage on the new one we are building in Texas. Expect the new home's value will represent about 20% of my net worth (40% if we keep both homes - unlikely). *I can't prove this is better for my long term financial health though. *Strictly a visceral thing.

consumption item. Sold our duplex in the city when we ER'd and moved into the fish camp (7 miles outside the levee) no morgage, no insurance no 'stuff' we can't replace. BTY my oldest nephew ( navy-13yrs and counting) gambled and won in the 1990's- bought and sold a house during their Norfolk tour but he did two middle east trips so it may have been longer than his normal three years.

[Allan]

John:

Welome to Texas. Weathers' great, low taxes, beautiful women and the horses aren't bad either.

Allan