Quote:
Originally Posted by VincentVega
Cant argue with anyone financial decision, lots of choices and we own them.
I dont understand the bit about paying off a mortgage before retirement though. Why no assets or income at retirement? Maybe you have too much house? Lots of ways to run the #'s.
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Most people buy a house in their 30s - having that paid off in their 60s should absolutely be a goal while being diversified otherwise. What I see a lot are people that refi over and over and kick the can down the road again and again. They must imagine old age never comes?
I once bought a house and the people owed TWICE what they paid for it. LOL! Sure, it was 30 years ago and maybe they helped pay for college and other useful things, but I hate to think what they threw at interest over the course of 30 years?
Money is really cheap right now, so that may change some things. I do not like the "I can make more money in other investments". I sure hate to look at my 401k for example ...
G