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Old 05-06-2015, 03:40 PM   #21
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I like the three recommendations given -- would add a fourth

I would add that a post retirement game plan is fairly important to some. I am working on that one now myself, after being retired and I wish I had spent a bit more time crafting my post FIRE life 2.0 plan before retirement.

I'm not a fan of debt so i would pay off the mortgage. For me it was an unnecessary complexity and stressor.
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Old 05-06-2015, 09:41 PM   #22
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1. All wills & associated paperwork complete with executors informed.
2. Complete closure with all the folks in your working life. Say your thank you's and what you need to say to move on.
3. Take a long break once you retire before making any big decisions on next steps.


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Old 05-06-2015, 10:15 PM   #23
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Originally Posted by Al in Ohio View Post
I hate debt. All debt has hidden costs too. Dump it!


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Hidden costs?

-ERD50
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Old 05-07-2015, 03:14 PM   #24
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Smart move I think (as I look into it more) on the low mortgage debt.
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Old 07-14-2015, 01:38 PM   #25
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Update - I managed to double my HELOC to $100,000 with only lawyer's fees for cost. Balance is $44K, so I have room for some real estate improvements and emergency cash. Rate is 2.75%. I moved my 401(k) to my Vanguard IRA. Now I need to invest it. Will be talking with a rep though I have a plan already that includes a couple of years of expenses over and above what we get from a real estate investment and my DW's SS invested in CD's and index funds. I'm counting down the days to December 17, but trying not to wish this gorgeous summer away either.
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Old 07-14-2015, 02:11 PM   #26
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Congrats. You will enjoy your new life in December!
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Old 07-14-2015, 07:08 PM   #27
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my plans include keeping the 4.625% mortgage on the house we will move into when i retire. the interest is tax deductible & i can make way more return by buying more rental properties rather than paying it off, so for me it makes $ense to keep the debt. remember, not all debt is bad debt. leverage can work in your favor if done right.
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Old 07-16-2015, 07:32 PM   #28
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I live a few miles from Hill Farmstead Brewery, best beer in the world. I'll have a lot more time to stand in line to wait for my growler fill-ups.

Retiring AND live within a few miles of Hill Farmstead?! You are going to have a very nice retirement. Congrats!!

And I agree, Hill Farmstead is one of the best breweries there is.
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