Jarick
Experienced
I'm 36 and my wife and I saw our retirement go down about 30% this year. Unfortunately we were going to borrow out of that short term to afford the down payment on our next house (likely a 60 day gap between closings). Now with interest rates spiking up and 401k way down, we had to go to a backup plan and get a different type of loan, which will cost us about $300/month or more on our mortgage.
Anyways, we just put an offer in on a house and once we can sell ours, will pay off all our debt outside mortgage/cars. Then I'm hiring a financial advisor to help us prep for retirement. And once my last kid is out of daycare, I hope to pay double mortgage payments each month.
Still think I'll end up working until I'm 70 though, in some capacity. I've worked with consultants who do part time gigs in the winter and take the summers off to golf. Seems nice to me.
Anyways, we just put an offer in on a house and once we can sell ours, will pay off all our debt outside mortgage/cars. Then I'm hiring a financial advisor to help us prep for retirement. And once my last kid is out of daycare, I hope to pay double mortgage payments each month.
Still think I'll end up working until I'm 70 though, in some capacity. I've worked with consultants who do part time gigs in the winter and take the summers off to golf. Seems nice to me.