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re: What to do with $250K
Posted on 9/17/18 at 8:26 pm to Oenophile Brah
Posted on 9/17/18 at 8:26 pm to Oenophile Brah
quote:If he actually got a 0% interest loan, then why would he work to pay off?
I also would probably work another year or two to pay off the vehicle and drive it until the wheels fall off. That $500/mo would piss me off.
1
Posted on 9/18/18 at 9:21 am to buckeye_vol
quote:
If he actually got a 0% interest loan, then why would he work to pay off?
$500/mo is 1/3 of his current mortgage payment. When I'm heading into retirement, I want as much cash flow flexibility as I can get. Especially at the beginning. OP could potentially invest a large chunk of the property sale to build a greater retirement income. If the vehicle is paid off, that is $500/mo that can be used to speed up the mortgage payment.
On whole, the OP is carrying more debt then I would be comfortable with in retirement.
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