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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 12:53 pm to dragginass
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?
Posted on 7/10/18 at 1:02 pm to slackster
quote:
So you bought a house at 20, paid off the mortgage in 15 years, and you'll remain in that house forever?
Umm no. I said entire retirement mortgage free at minimum. You could buy a house at 20, pay off at 35 and buy another and still be done at 50.
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