MIND IF I ASK A PERSONAL QUESTION?
Hey folks.... for those that don't mind sharing such information... Did you retire WITH a mortgage? or WITHOUT?
Without!
Best way to go if you plan ahead and manage to accomplish it.
Best way to go if you plan ahead and manage to accomplish it.
about 1 year ago
We have a mortgage that is less than rent in our area, however, the property value has dropped so much in our neighborhood that if we put our house up for sale, it would be for what we owe on our mortgage!!! We have a small car payment that is almost paid off and credit card that gets paid off monthly.
Hippiemama, what gets me is that the interest you earn in the bank is nothing by the time you pay taxes at the end of the year on those earnings. Almost defeats the purpose.
Hippiemama, what gets me is that the interest you earn in the bank is nothing by the time you pay taxes at the end of the year on those earnings. Almost defeats the purpose.
about 1 year ago
I retired a year or two earlier than expected after using up all my sickdays caring for hubby and not seeing any end in sight. So yes, there was a mortgage but it wasn't huge; cashed in a bunch of CDs soon after [when they came due] and paid it off. Considering interest in/out, was that the wisest thing to do? I don't know, but it feels good to know that we have a place to live free and clear. Still have monthly payments on the car and RV which were bought later, but keep the 3 credit cards paid off each month. Our biggest monthly expense is health insurance -- between the group ins from where I worked and medicare for both of us, that is right at $900/mo. I'm not complaining, most months it pays for itself in spades!
about 1 year ago
