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Investing/Strategies / Retirement Investing
|Subject: Re: Distribution of a 401k||Date: 8/29/2006 2:37 AM|
|Author: RetireAtFifty||Number: 53388 of 76418|
Sorry, Stanley and Danko wrote "The Millionaire Next Door". Siegel wrote "Stocks For The Long Run".
<<< <<<First let me say we live an incredibly frugal lifestyle, one that would make Jeremy Segal, author of "The Millionaire Next Door", jealous. Also, I have almost $1,000,000 in mortgage debt.>>>
Now that's funny!!!!!! >>>
Yes, and my assets are 20% of $1M, plus recent appreciation, 401k, IRA, etc. I do need to create a business entity to get the debt - and the liability - out of my personal name. Often I get a hard time from banks when I use Other People's Money to do investing because of a high debt-to-income level.
But that is a story for another discussion board...
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