Will you be debt free when you retire?

Poll: Will you be deb free when you retire?

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  1. #1
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    Default Will you be debt free when you retire?

    This may sound like a crazy question, however I know many people who won't be. How about you?

  2. #2
    Registered User sunshine's Avatar
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    yeah -- if everything stays on course, we should be debt free, including our house in about 5 years. I won't be retiring for another 20 years, unless my passive income can increase to the point I won't need to "work".

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    Well, we were supposed to be - that was the plan. However, if dh does get laid off soon and is forced to 'retire' we won't be. But I will still be working and he will be getting another job. So then the plan is to yes, be completely out of debt when we both 'really' retire.

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    Registered User redeme's Avatar
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    I think so, when the last one's gone I'd like to move to a less expensive part of the country to live and be able to buy a house and afford to pay off the mortgage in a timely manner.

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    Registered User joyofsix's Avatar
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    We plan on paying off the house in the next 5 years and not getting more debt. We won't retire for 20 years though so who knows what may happen.

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    Registered User SweetPea's Avatar
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    Thankfully, we are already debt free including our home. We have several years before retirement. I'm 45 and my husband is 49.

  8. #7
    Registered User Greebo's Avatar
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    Yes, because I won't retire until I am.

  9. #8
    Registered User forHISglory's Avatar
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    Yes, we were debt free many years before retirement. That was what allowed us to save like crazy and retire early. I can't imagine going into retirement with debt, although I know people who are doing so.
    Spiritual:
    "You are fearfully and wonderfully made." Please... respect life.

    Financial:
    Debt free, hoping to stay that way!


    MY BLOG: glorybug.wordpress.com


    1. Keep on writing.
    2. Get some balance in my life.
    3. Lose weight. Hopefully 20# this year.
    4. Continue to be looking for how God wants to use me this year.


  10. #9
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    I am only 29 now, and have 13 years and some odd months left on house. that is all the debt i have now. I am hoping that I dont get any more debt ever. I know i will need a new vehicle at some point, but i am doing some saving for that, so hoping that will not be another debt. things happen however so i cant say for sure!

  11. #10
    Registered User Momto2Boyz's Avatar
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    Dh and I have vowed to never take out another loan in our lifetime. We are currently debt free with the exception of our mortgage, and our mortgage will be paid off before we retire. We have no plans on purchasing another house, so we should be good before we retire.

    We have about 20 years left on our mortgage, but with making extra payments, hopefully, it will be paid off long before 20 years from now!

  12. #11
    Registered User The Muse's Avatar
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    DH and I will both turn 34 this year and will be debt free by the end of next year.

  13. #12
    Registered User mommy4ever's Avatar
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    we have a good chunk of debt right now, but with real focus and dedication we'll get rid of it next spring, leaving the house which has 8 years left on it when we renew in December. Dh figures we should roll the remaining debt into the mortgage then just do extra principal payments to lessen the burden, but if all goes right, we'll only have $5000 left to pay off when we renew the mortgage and that seems silly to roll in.

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    Already debt free

  15. #14
    Registered User mzpepper's Avatar
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    Smile

    Already debt free. See my Signature!

  16. #15
    Registered User 3tomboys's Avatar
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    We are headed towards being debt free. We still have a ways to go but it is doable if we stay on track. The goals and the steps we have in place to acheive them would allow us to retire early. If we aren't out of debt it won't happen.

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