I agree with David's point that
retiring debt free is a very important goal.
Of course as David said,
retiring debt free takes work and it probably means you have live a more frugal life today so you have less debt tomorrow.
A fifteen year mortgage provides debt help with meeting your goal of
retiring debt free.
Plus, the top international retirement hot spots and the secret to
retiring debt free.
Adding an extra $ 100 per month to a $ 200,000 mortgage that has 20 years remaining can save you thousands of dollars in interest, and lop years off your mortgage term, allowing you to
retire debt free.
I blog about advocate for life long learning, grow, share, get financially fit, value time and freedom, not stuff, and
retire debt free.
I blog about advocate for life long learning, grow, share, get financially fit, value time and freedom, not stuff, and
retire debt free.
Not exact matches
I might not spelll good @@ Marisol but I am
debt free don't have any bills sucker plus I am
retired from government job as a black Hebrew Isrealite Shemite kombiyah my lord kombiyah.
6» weighing in at 198, average kick ass build,
Retired, 4 dogs,
Debt Free, Long Hair, Long Beard, Wear Glasses, have my teeth & eat clean, Quote; will soon be growing everything that we eat, quote un quote & I live in the higher elevations ie Snow Country
I am
debt free, including my home I'm
retired and I love fishing.
retiring totally
debt free, including the mortgage, is the best way to go into retirement.
My key thinking is that again, getting back to this concept of
retiring totally
debt free, if you've bought a house you can afford, that means you will have been able to afford to pay off that mortgage.
But if you have a large amount in credit card
debt with high interest rates and you don't use your 401 to pay off this
debt, it still will be there when you
retire and all the interest, so you are still using your retirement to pay this.Doesn't it make sence to go ahead and pay the penalty and taxes and be
debt free instead of paying all the
debt and interest when you
retire..
Because beginning with the end in mind as I said earlier,
retiring totally
debt free is I would argue, the best position to be in.
And if you get down to a more personal level, I've always been of the opinion that
retiring totally
debt free including the mortgage is the best way to go into retirement.
If I have a $ 1000 mortgage payment when I
retire, my pensions and other retirement income need to be $ 1000 higher to achieve the same standard of living as I could achieve if I was
debt free.
Now the trick is, that
retiring totally
debt free takes work.
«We want to
retire debt -
free,» says Mukesh, noting that their 2.3 % mortgage rate expires next July.
With decades of paychecks ahead of us, we should have plenty of time to pay off any loans before we quit the workforce, so we can
retire debt -
free.
The transition to retirement is much easier if you can
retire debt -
free, minimize your monthly expenses, and save as much as possible in tax - advantaged retirement accounts.
Strive to be
debt -
free before you
retire so you can enjoy your retirement money without owing anyone.
Being almost
debt free (irs
debt and mortgage that we do not have a priority of addressing anytime soon) has enabled me to finally «
retire» from full time, stressful working conditions and transitioned to more of side hustle income status.
From being
debt free,
retiring early or just having enough money to quit the job you hate.
Strong sales growth in the 1920's allowed Woodruff to
retire all of the company's preferred stock, leaving the company
debt free.
George would like to accomplish three things: help his kids pay for university, save for retirement, and
retire debt -
free.
She feels that by being completely
debt -
free by the time she
retires, she will be financially confident and
free from stress.
Regardless, I'll gladly pay the premiums to protect our health, since we are now both officially
retired, mortgage
free and
debt free.
The Automatic Millionaire starts with the powerful story of an average American couple — he's a low - level manager, she's a beautician — whose joint income never exceeds $ 55,000 a year, yet who somehow manage to own two homes
debt -
free, put two kids through college, and
retire at 55 with more than $ 1 million in savings.
Depending on the extent of your credit rating, you may want to find a cash - out refinancing loan that pays off your initial mortgage and
frees up funds that you can use to
retire your outstanding
debts.
The best thing you can do before you
retire is to make sure that you are completely
debt -
free.
One of the best goals you can have is to be completely
debt free by the time you
retire.
When it comes to retirement planning, one of the underestimated aspects is to plan to
retire in a
debt -
free state.
-- Curt Dederich, followed the «Your Money or Your Life» plan to
retire from paid employment at 41,
debt -
free, then on to manage «The Sunshine Time Foundation,» and later, be a stay - at - home dad
Granted, if you're approaching retirement and are close to paying off your mortgage, it may make sense to up your payments if you want to
retire debt -
free.
We like to think that when we
retire, we would be
free of
debt and financial obligations.
Usually, by the time you
retire, you have predictable, unearned income sources, and you're very likely to be
debt -
free.
And «
free and clear» properties to me means that you don't have that
debt, which for me at one point was my biggest expense and I felt like after
retiring from a full time job, I was working full time for the bank to pay those 50 mortgages.
This supports a recent RBC study that showed that nearly half (48 per cent) of Canadians do not believe it's necessary to
retire debt -
free.
For instance, an investor with limited capital will follow a very different path to retirement than another investor with a large enough capital base to generate sufficient
debt -
free income to
retire tomorrow.
You can
retire comfortably in 10 years with 10 +
free - and - clear rental homes when you approach this business with a sensible plan of buying houses at 10 % below fair market value with 10 % down payment and 10 % + yield on your investment (the author's 10/10/10 plan), and wisely reinvesting cash flow, equity gains, and selling the loser houses to pay off the
debt of the winners.