From here: Article by Roger Schlesinger
My thinking is simple: pay off your house, whatever price it is, and that will be all the retirement you need! Now you can start objecting.
And
You most likely will not change your shopping habits when it comes to clothing and other merchandise, and you probably won't take more trips than you normally take. Even though you put additional monies away in a retirement plan, those dollars earmarked for the aforementioned activities might not ever be spent in your leisure years.
In essence, he suggests funding 401(k)s to get the match (only if there's a match, as I read it), paying off debt and mortgage and then (presumably; he doesn't spell it out) building liquid assets for the future.
I'm not sure I agree with his strategy, though his points about spending in retirement ring true.
My thinking is simple: pay off your house, whatever price it is, and that will be all the retirement you need! Now you can start objecting.
And
You most likely will not change your shopping habits when it comes to clothing and other merchandise, and you probably won't take more trips than you normally take. Even though you put additional monies away in a retirement plan, those dollars earmarked for the aforementioned activities might not ever be spent in your leisure years.
In essence, he suggests funding 401(k)s to get the match (only if there's a match, as I read it), paying off debt and mortgage and then (presumably; he doesn't spell it out) building liquid assets for the future.
I'm not sure I agree with his strategy, though his points about spending in retirement ring true.