If you’re a No More Mortgage client, you should be going into retirement debt free. And you should have significantly added to your retirement account growth. Unfortunately, many others will retire with a mortgage and most likely credit card too. And many of them will have to continue to work in what should be their [...]
Filed under Retirement by on Feb 7th, 2010. Comment.
If you’re like most people, you think of the balances on your statements for your mortgage, credit cards, and other debts as what you owe.
Well, yes it is and no it isn’t. Yes, at one moment in time a statement can show what you owe if you were to pay it off completely. And no it isn’t when you factor in interest payments over time.
Filed under Financial Tools, News, Retirement, nmm-blog by on Nov 29th, 2009. Comment.
NO MORE Mortgage looks at retirement
The point of this article is that in the USA, the “retirement safety net†is Social Security, which only covers about 45% of the retirement needs of the average retiree. The article does not even bring up the potential of the Social Security system to go broke in about [...]
Filed under Retirement by on Sep 3rd, 2009. Comment.