No apologies needed.
I'm comfortable enough with my masculinity to not have to define my name any further.
Of course, the interesting PM's from new users dropped off a lot when I stopped using the avatar of the woman with the big boobs.
Mike, knowing I have what will be a seven figure asset going into my 70's, 80's, 90's and maybe beyond creates a humongous change in how I plan the rest of my resources.
I dont have to have a plan that lasts until I'm 100. I just need a plan that takes me into my 70's or early 80's with an asset allocation shooting to do better than my costs plus inflation. I dont have to become ridiculously conservative and stuff my pants with annuities and bonds that pay next to nothing. I also dont have to shoot for the moon and take on too much risk to be sure I have enough to make it to 100.
I just need to make it to 80-something. If my middle-risk plan falters for whatever reason, I have a huge resource to tap. I can sell it and rent. I can rent a room or two. I can reverse mortgage it and have income for life. I can mortgage it and invest the proceeds. I can make all sorts of income streams out of it at a time in my life where a job or taking on too much market or spending risk is just too hard to do.
This topic comes up a lot and people seem to polarize on issues that have nothing to do with finances. Its "my home" and isnt considered, or its considered as part of ones net worth because thats how every financial class teaches it and that its a home isnt relevant.
To me, everything is an asset or a liability. I plan accordingly.