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Author: auctionnoodle Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 46837  
Subject: Re: What to do AFTER the house? Date: 5/8/2005 10:23 PM
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I don't have time to read all the other responses right now, but I will. In the meantime, here are my thoughts:

I don't know how old your children are, but to me, you never know what will happen down the road. It is not a bad idea to keep money you have now even if you think you have enough. There could be a medical issue that comes up with someone in your family, one of you could have to or want to leave your job for reasons you can't see right now and maybe the kids will want an expensive higher education that you could help with.... etc.

If you really have all the money, i wouldn't buy the expensive cars, couches, etc if you really don't want/need to do it. I would use the money to establish more fond memories with your family. Vacations to wonderful places, cruises, skiing or whatever you think your family will enjoy. I would put money in the stock market or CD's and us it in retirement for travel and dining out when you don't feel like cooking and the kids are grown.

How about retiring early and doing other things you want to do with your time (volunteering, learning new hobbies, etc)?

I would be hesitant to pay off the mortgage, because, as you said, you can never get that money back if you want it (without selling the house)

Those are my initial thoughts and i am out of time, so I will look forward to reading the other responses later.

-Noodle
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