TarastieNov 9, 2023

Retiring at 51 with only 3x minimum wage/SS and a fully paid off $500,000 house, savings, no restrictions on moving someplace cheap or doing work from home for benefits and spending money.

https://lemmy.world/post/8026358

Retiring at 51 with only 3x minimum wage/SS and a fully paid off $500,000 house, savings, no restrictions on moving someplace cheap or doing work from home for benefits and spending money. - Lemmy.World

They’ll obviously die of poverty the first week. Anyone else want to suffer this badly? /s

Show threaditsgroundhogdayagainNov 9, 2023
Only $180,000?
Show threadAshyr
Dude should pay off his home. It’ll appreciate, that savings account won’t.
Nov 9, 2023 at 7:09pmWeb
Show threadGiganNov 9, 2023

It’ll appreciate, that savings account won’t.

It depends, high yield savings accounts are getting >5% interest right now. Which could be higher than his mortgage rate.

Show threadnowwhatnapsterNov 11, 2023

Mortgage = 2.25% Tbills = 5%

I can attest to this scenario.