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Subject:  Re: Calculating Retirement Funds Date:  8/9/2016  7:14 AM
Author:  nick2302 Number:  1735 of 1929

Well I have to say that Fidelity site made me feel somewhat better. I still think it would be better if I had the house totally paid off so that I would have no debt. I am not comfortable having to support a mortgage plus the high cost of property tax and all the various insurances.

Texas may not have an income tax but believe me they get you but good with property taxes. Every year you have to protest your property tax evaluations. Turning 65 does little to no good as it freezes only the rate of the school tax but as they raise the value of the house by 8 to 10 percent every year you still pay more in all brackets. Otherwise turning 65 does nothing to the taxing entities like the city, county, state, hospital, and on and on.

So bottom line I need to stick to the plan I had in my head.
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