UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next
Author: Watty56 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76089  
Subject: Re: When can I retire? Date: 10/6/2007 3:45 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
...Real Estate investments: in 15 years, conservatively can sell or refinance to cash out approximately $300,000...

So what is that worth today and does it generated any income or cost you anything now?

If that is your home, then I normally wouldn't count as a retirement investment but instead as a non-retirement asset.

..2) What can I do with the $62,000...

Pay off the car loan(unless it is a low interest loan) and plan on paying cash for your next car. At your age and income level, car loans are a red flag that something isn’t right. Even the low interest car loans are usually instead of a cash rebate or a better price. In addition to saving on the interest, when you pay cash for a car you will tend to spend less and enjoy making your old car last a bit longer.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:

Wal-Mart Nixes Apple Pay
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.