|
One could consider a house as saving for retirement... if I have no house payments when I retire, that will help what other savings I have (retirement plan, etc.) stretch further. 
An expert is somebody who learns more and more about less and less, until he knows absolutely everything about nothing.
|
|
|
|
|
Don't forget about reverse mortgages. When you retire, you slowly pull the equity from the house. Basically selling the house to the lender over a period of years.
<signature>
It's good to live,
Josef Wainz
Software Developer
|
|
|
|
|
I really do not like that option. What if you live too long
I do not mind getting old. It beats all the other options that can think of.
|
|
|
|
|
isn't that called reverse mortgage?
Norman Fung
|
|
|
|
|
Nice retirement plan. I am thinking of it.
</theos>
|
|
|
|
|
I think the best way to save for retirement is to invest in inflation proteced bonds.
More riskier is to invest in real estate and much more riskier are stocks.
But more risks often means more returns.
Try this @ home. (B&B)
|
|
|
|
|
Actually house can be a bad investment. You must pay tax, or take out your money to fix it when something went wrong. Except you use the house to earn money, like renting it.
<italic>Work hard and a bit of luck is the key to success. You don`t need to be genius, to be rich.
|
|
|
|
|
> I have a retirement fund through my employment
> I have investments (stocks, bonds etc)
And a small software business that I minimally have to get too involved in; the software sells, I put out updates and new versions as required.
It does not make much, but it clears enough monthly for the car payments, toys and activities for the kids, and still have some left over...
Peace!
-=- James
If you think it costs a lot to do it right, just wait until you find out how much it costs to do it wrong!
Tip for new SUV drivers: Professional Driver on Closed Course does not mean your Dumb Ass on a Public Road!
DeleteFXPFiles & CheckFavorites
|
|
|
|
General 
News 
Suggestion 
Question 
Bug 
Answer 
Joke 
Praise 
Rant 
Admin 
Submit an article or tip
