Retiring debt free!

[dnorton50]

I have found several that are fairly reasonable, but I just don't want to use my emergency fund money to get it. If it's meant to be, it will happen. It won't be the end of the world if I can't get one.

[Dash man]

Should the U.S. Fall into a deflationary economy similar to what Japan has seen for the past 24 years or so, those who have paid off their mortgage will be in much better shape than those who carry debt. The past 5 years the Fed has been fighting to keep us out of a deflationary economy with low interest rates and quantitative easing. Only time will tell if they've been successful. But I'm more concerned about the future than looking at historical 10 year periods where economic conditions were much different than they are today. Looking only at historical data breeds complacency, especially when not including economic and geopolitical conditions in the evaluation. Fortunately for us we're able to pay off the mortgage and still have funds to invest along with a cash cushion. If we do fall into a deflationary economy, we'll be better off than most. Those with debt to pay and a stock market cut in half may find themselves in a world of hurt.