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re: Received an inheritance now how to plan for future retirement?

Posted on 2/13/15 at 9:16 am to
Posted by Chris Farley
Regulating
Member since Sep 2009
4182 posts
Posted on 2/13/15 at 9:16 am to
Quit peddling the Dave Ramsey BS. This guy is 34 and has NO retirement investments, he needs to speak with a professional and get on course here first and foremost. His interest rates are low enough that he shouldn't be paying them early in the first place. He'd be crippling his retirement income if he used all the cash to off his house.
Posted by austiger
Austin
Member since Apr 2012
801 posts
Posted on 2/13/15 at 9:19 am to
do a ton of reading on the forums

bogleheads.org

financial advisors are out... DIY is in.
Posted by mattloc
Alabama
Member since Sep 2012
4370 posts
Posted on 2/13/15 at 9:27 am to
quote:

Quit peddling the Dave Ramsey BS.


...lol .... My parents were poor, but I paid my debt and house off at thirty. 15 years later I have two condos on the beach, a farm, a small shopping mall and several commercial rentals ....all paid for. Not rich but for someone that has earned every dime of his own money, I can tell you Ramsey's program works...I can only speculate that you are a broker or investment adviser.
This post was edited on 2/13/15 at 9:55 am
Posted by bayoudude
Member since Dec 2007
25169 posts
Posted on 2/13/15 at 9:30 am to
quote:

He'd be crippling his retirement income if he used all the cash to off his house.


Just to clarify it would take approx $178k to be debt free.
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