Ya Greg, Planning is critical..
Take me for instance..I was forced into retirement 3 years ago due to two Strokes, A Brain lesion that turned into Seizures, and a major Heart infection and a Bad Heart valve.. I know, When I do things, I go BIG.
But I will be OK due to long term planning.. I had planned to work until I was at least 57 , But I had to retire at 50.
But like you said, it is how much is going out..I keep my monthly nutt going out reasonable , so I will make it. My Investments will generate enough for me. And like you said, this is the slow time...When Inflation hits ? I know my income will double with lower risk, a.k.a. CD ladders, ect... So if I can make it now, I will make it then.
I have no problem taking a 30 year loan at 53. Also I have plenty of equity. And locking in at 3.75% is just incredible.
Lucky I was living consumer debt free and had my Taxable account 90% of my Investments. So when tragedy struck, i was as ready as I could be...
We have to plan for the unknown sometimes...
__________________
Luck is the meeting of preparation and opportunity
Pro Touring 71 Z/28 in training
Soon to be crazy
Last edited by Bucketlist2012; 02-01-2013 at 08:19 PM.
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