Retirement with a Mortgage
I retired 14 years ago at age 62. I would have not even have considered retirement unless my house was paid for.
What is this mortgage thing that seniors cry about? Have they not made any plans as to their retirement?
I live on Social Security and come out ahead about $400 a month because I planned ahead and have no debts.
Wendy's Two Cents: Good for you.. kudos for thinking ahead. Oddly enough, many don't.
I think they just don't want to face reality, don't want to consider cutbacks, don't want to worry... so they simply look the other way.
Then SUDDENLY, Surprise, you are at retirement's door.... and anxious as anything.
I have friends at the County Senior Citizen Dept, they call their department a "crisis center" the past few years. Many seniors losing homes. I had honestly thought it was the younger folks losing homes, thinking the good times would last forever, wanting the too-big mortgages.. but it's definitely not just them, it's many seniors too!
Enjoy Retirement, Bruce!!