re: #88 Joe Bacon 🌹

Bank of America sends me an e-mail…

Can you comfortably retire with a million dollars invested in the stock market?

Hey BofA! Are you fucking kidding me?

Who here has a million dollars invested in the stock market?

Well, not me.

And I am like a lot of Americans. I worked for the Government for twenty years. I have a retirement pension that includes health insurance for me and my wife. It drops about $2800 a month into my bank account.

We made some investments that turned out OK, bit it was mostly in Roth IRAs. They total about $50,000. Social Security in a couple of years will kick around another $2,200 a month.

However, I am sitting on a house that we bought in 1997 for $155,000 and is now worth north of $750,000.

The property tax last year was over $12,000. Texas has no income tax, so property tax is huge and hits retired folks like me like a bat to the head.

I think we will be all right, but we are one State Statute change from being paupers.