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re: Received an inheritance now how to plan for future retirement?
Posted on 2/13/15 at 9:19 am to mattloc
Posted on 2/13/15 at 9:19 am to mattloc
quote:
Would you go borrow money on your home to invest in the stock market? If your answer is no, pay your house and car off. Not only is it the right thing to do, you will feel better and sleep easier at night....anyone who takes money from the equity in their home to "invest" with is not too smart....
The reasons to invest have been laid out plenty of times in this thread and on this board, and the "right thing to do" is to maximize available funds for retirement. Too many people have the attitude that they've done something wrong by having debt. The only thing wrong about having debt is if you don't have the means to make the scheduled payments.
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