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re: Lets say you plan on retiring at age 60 and you are now 30....
Posted on 7/10/18 at 12:50 pm to slackster
Posted on 7/10/18 at 12:50 pm to slackster
Health insurance is an issue but you're assuming someone would have the same expenses in retirement.
If you've planned appropriately and paid off your 15 year mortgage then at minimum you've entered retirement mortgage free. If you've been smart enough, early enough, then your mortgage is paid for in your early 40's and you have years of freed up cash for additional savings.
If you've planned appropriately and paid off your 15 year mortgage then at minimum you've entered retirement mortgage free. If you've been smart enough, early enough, then your mortgage is paid for in your early 40's and you have years of freed up cash for additional savings.
This post was edited on 7/10/18 at 12:51 pm
1
Posted on 7/10/18 at 12:53 pm to dragginass
quote:
If you've planned appropriately and paid off your 15 year mortgage then at minimum you've entered retirement mortgage free. If you've been smart enough, early enough, then your mortgage is paid for in your early 40's and you have years of freed up cash for additional savings.
So you bought a house at 20, paid off the mortgage in 15 years, and you'll remain in that house forever?
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