Posted by oldtanker on October 17, 2014 at 07:33:40 from (64.118.3.75):
In Reply to: Retire or not posted by MarkB_MI on October 17, 2014 at 03:08:33:
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Mark, I know a lot of people who's house payment are a grand or more. If they can pay that off before retirement they have that much more spendable income. Reduced travel to and from work doesn't mean you stop driving but many people are logging 60-90 miles a day to and from work. They retired that may drop to 5 or 10 miles on average a day. I know a guy here who works 4 days a week in Fargo. Before his wife passed he drove that. 160 mile round trip. Now he keeps an apartment there. Still lives here. He should be retiring very soon. Get rid of the apartment/drive and that's a considerable savings. Most people can do that. Sure utilities and taxes are going to go up but other cost for most people will go down.
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