I think I stated it wrong - he doesn’t own the plant, just works at it. We’d be worth 10s of millions if he owned a power plant (other than the bankruptcy thing).
It’s actually worked out well for us. It was the prompting we needed to Go Galt, as we’ve been contemplating for years. He offered to be laid off, to save one of the others’ jobs - but was turned down since he’s the compliance manager and none of those being let go could do the job. (He deals with the idiocy of Big Government first hand - hence his willingness to quit)
We will be keeping our taxable at $20K so with personal exemptions and the standard deduction, we will pay nothing. We’ll open a couple of small businesses and put every other than $20K into a 401K, to avoid taxes, but also to add to our savings, which we will be dipping into to live. $20K just won’t be enough, even with living a simple country existence.
Thanks for your well-wishes but it will be great (I hope) and we’ll be ready for the tide to turn. I wish everyone here could do the same - feeding the beast just encourages it.
(He deals with the idiocy of Big Government first hand - hence his willingness to quit)
Lol- that made me chuckle, who wouldn’t jump at a chance to quit after having to deal with government lol?
[[which we will be dipping into to live. $20K just won’t be enough, even with living a simple country existence.]]
Yep- it used to be enough, before everything went sky high- now there’s probably lots of people in same boat- they had enough for retirement IF prices didn’t soar- then along comes bammy and in 6 short years, all of a sudden the funds aren’t enough- We’re facing that very situation and like you we live very simply- but will probably be forced to cut back more and m ore till we eventually have to get rid of internet, perhaps tv etc just to make ends meet- It’s like we’re being pushed back into the stone ages by the left- I guess they didn’t like other people doing well
Growing up and saving, we thought everything was going to be ok- living in the most prosperous nation on earth, nothing to worry about- it’s just sad to see that we’ve entered into the ‘information and technology age’ but now, thanks to soaring prices, we won’t be able to continue affording it- Yippie- We’ve made such progress!