At 63, Earl Vittitoe made a decision that changed both his address and his retirement finances. He and his wife, Pat, left Washington, Illinois, and drove west to Oro Valley, Arizona. Seven years later, one part of that decision has become particularly striking.
Their annual property tax bill fell from more than $13,000 to about $3,600. Instead of spending the difference, Earl invested roughly $10,000 a year in stocks. The resulting investment balance has now grown beyond $100,000, according to The Wall Street Journal. The couple's overall assets exceed $3 million, and they expect to spend about $118,000 this year.
