Will you be debt free when you retire? - Page 4

View Poll Results: Will you be deb free when you retire?

Voters
109. You may not vote on this poll
  • Heck yes, I'll be debt free long before I retire

    96 88.07%
  • no I'll still have debts

    10 9.17%
  • Debt free, no I'm leaving my debts to my relatives

    3 2.75%
Page 4 of 4 FirstFirst 1234
Results 46 to 52 of 52
  1. #46
    Registered User Sophiasmama's Avatar
    Join Date
    Mar 2011
    Location
    Alberta,Canada
    Age
    34
    Posts
    2,285
    Post Thanks / WTG / Hug
    Rep Power
    13

    Default

    Yes we will be...house has 3 years left...and 15 years 10 month till retirement.
    House Paid off October 1st...and we are loving it!!!!
    Proud supporter of Blessings In A Backpack, Food Bank and SPCA
    CrossFit lover...and now also AquaFit

  2. #47
    Registered User Rosebudget1's Avatar
    Join Date
    Apr 2012
    Location
    Southern Coast of Maine
    Posts
    395
    Post Thanks / WTG / Hug
    Rep Power
    4

    Default

    We will still have our house but plan on downsizing when the time comes. We have the income coming in without touching any investments to pay for everything. If we planned on staying here we would pay it off but its really too big to stay in when we get older. Too much upkeep but for now living at the beach everyone still likes to come home in the summer. Our two DD's live about an hour from here so we probably will move closer to them.

  3. #48
    Registered User
    Join Date
    Apr 2012
    Age
    52
    Posts
    8
    Post Thanks / WTG / Hug
    Rep Power
    0

    Default

    House will be paid off in about 6 years and hoping that all the other debt will be gone way before that. I was debt free but the house back 11 years ago, but stuff happens and you don't work for three years, then you get breast cancer and you have all this extra bills, so my goal is to be retired in about 10 years.

  4. #49
    Registered User
    Join Date
    Jan 2011
    Age
    71
    Posts
    442
    Post Thanks / WTG / Hug
    Rep Power
    8

    Default

    We've been debt free since the last mortgage payment in March, 2009. Dh is disabled and has not worked since the end of 2000. We struggled to keep our heads above water and save since that time. Since I turned 66 and started drawing Social Security I've tried to save most of my income which savings is my only retirement money. DH has a couple of small IRA's which is good but not much. I'm retiring at the end of this year at age 69 (will be 70 in March) and have to tell you even debt free I'm terrified of our financial future. With Obama's changes to Medicare we may end up with a lot more medical expense. Currently we pay around $500 a month for medical insurance and another $200 to $600 a month for non-covered medical. I'm extremely frugal but there is only so far you can stretch a $1. I can see that a few years down the road we could be those people having to decide between food or medicine. If I didn't trust the Lord's provision, I'd never be able to face tomorrow!

  5. #50
    Registered User sabrelvssammy's Avatar
    Join Date
    Jan 2009
    Posts
    4,716
    Post Thanks / WTG / Hug
    Blog Entries
    12
    Rep Power
    40

    Default

    That's the plan anyway. However, I cannot possibly predict the state of the world, the economy, my personal life at the time that we decide to 'walk away' towards retirement bliss.

    Being a realist, I realize that any number of unplanned scenarios could play out. We could suffer a devastating illness, a lawsuit, a catastrophe, a tragedy.... and on and on....

    I do not intend to carry any debt into my retirement. I look at it just as it is - retirement. Retirement from working, retirement from paying for items that I have used, and continue to use for a comfortable lifestyle. Retirement from 'sweating the small stuff', to retirement from my stuff.

    I plan to have no debt, little possessions to worry about and care for, and the rest of my lifetime to enjoy whatever I may still be able to do.

    With that being said, I concentrate not only on being completely debt-free, but I also know that I need a nice little nest egg to make my dreams become a reality.

    So, I continue on with my current lifestyle of upmost frugalism......

    “After the last tree has been cut down, after the last river has been poisoned, after the last fish has been caught.
    Only then will you find that money can't be eaten.”

    ~ Cree Indian Prophecy










  6. #51
    Registered User mzpepper's Avatar
    Join Date
    Jan 2009
    Location
    Wonderful Western Washington
    Posts
    568
    Post Thanks / WTG / Hug
    Blog Entries
    2
    Rep Power
    7

    Default

    Debt free, house paid for, retired. I would strongly urge all who can to be completely debt-free at retirement. None of us know in what ways the economy and the world will change. Several years ago I (and a lot of other people) was making enough in interest from my savings (investments) to pay my property taxes, house and car insurances, and take a little trip. Now, that interest money is gone so I have to save each month to cover them. Not so easy to do on SS and a small pension. But I consider myself blessed and thank God that I have a roof over my head as so many others dont. Do hope I can manage to see the grandkids this year!!

  7. #52
    Registered User
    Join Date
    Apr 2012
    Age
    52
    Posts
    8
    Post Thanks / WTG / Hug
    Rep Power
    0

    Default

    I planned on retiring at 55 but that has been put off until 60 now. But I do plan on been debt free. House will be paid off in about 5 years and the other debt will be way before that, then all that money will go to my retirement for the last 5 years to add to the retirement money that I have been saving already. As long as no other things happen like the past 4 years we should be good.

Page 4 of 4 FirstFirst 1234

Similar Threads

  1. From $17,000 CC debt to nearly debt free :D (3 months to go!)
    By Readysteadylove in forum Success Stories
    Replies: 14
    Last Post: 09-25-2011, 11:32 AM
  2. free booklet: debt free holiday handbook
    By perSue in forum Freebies
    Replies: 1
    Last Post: 09-24-2008, 03:23 PM
  3. Replies: 11
    Last Post: 05-16-2008, 04:18 PM
  4. Drive Free, Retire Rich
    By kaykwilts in forum Dave Ramsey
    Replies: 11
    Last Post: 03-20-2007, 09:48 PM
  5. How Much Will You Need To Retire?
    By Shell in forum Frugal Living
    Replies: 0
    Last Post: 09-20-2003, 04:02 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •