Started to Think More About Retirement

Until recently I could not really devote a lot of effort to thinking about retirement. It was just not as though I could stop to think about twenty or thirty years down the road. Now the kids are grown up and out of school and I have to start doing a more serious job of looking at what I need to do as well. Luckily we have the house paid off, or at least very nearly so. So I am going to talk to this place called Goldleaf partners about what we should do with the money that we have after the house payments are done. That is going to free up a good bit of money and obviously we are going to think about what to do with it. We thought about using it on our other debts, but the truth is that when you think about it, none of our debts are that big of a deal.

We do not have any of those credit cards that charge outrageous rate and if we use a credit card we pay it off at the end of the month. That makes all the sense in the world, because the rates that they charge just do not make any sense to pay. In particular we can borrow money from other sources at a fraction of what those card charge you. So you would be foolish to pay a huge rate when you have other options which are so much better.The truth is that we could probably get a second mortgage on the house, use the money to invest in something and then turn around and make a big profit. It would require you to be smart about the investment, but the theory is pretty sound because you could get a very low rate on the loan.

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