Investing 102

[billscamaros]

[QUOTE=Bucketlist2012;418934]

Originally Posted by billscamaros

Bill

Maybe someone else can chime in, but you may want to refinance at today's rates, with a 15 year loan...Some 15 year loans are 2.9 right now.. That would put you at 68, but you may be able to pay it down sooner, or have additional income that could retire you at 65..With a paid off house..

Hope that helps...Yo Greg, any ideas ?

Mike

Yes, I'll go to a shorter loan period, but not in this current house. It's a great place at this point where I still have kids at home. Upon retirement, I'll downsize to a house in a different part of the state, closer to my family. I've got that part planned out.

I do live in an area, though, where I still see people my age (and older) constantly moving up to bigger and nicer homes. My goal is to retire into a paid off mortgage. But several comments in this thread regarding not tying that money up prompted my question.

Greg .... my wife insists that she's only 29, so I've got that part covered!