Comments on: Episode 047: Paying off the Mortgage by Age 35 with Andy Hill https://www.moneypeach.com/episode-047-paying-off-the-mortgage-andy-hill/ Clear A Path To Financial Freedom. Fri, 24 May 2019 16:57:22 +0000 hourly 1 https://wordpress.org/?v=6.4.5 By: Chris Peach https://www.moneypeach.com/episode-047-paying-off-the-mortgage-andy-hill/#comment-1196 Tue, 10 Apr 2018 22:11:41 +0000 https://www.moneypeach.com/?p=5610#comment-1196 In reply to Colin.

Yes! There are lots of different strategies to consider. It’s about what works best for you.

]]> By: Colin https://www.moneypeach.com/episode-047-paying-off-the-mortgage-andy-hill/#comment-1195 Mon, 09 Apr 2018 19:54:52 +0000 https://www.moneypeach.com/?p=5610#comment-1195 Paid off Mortgage, semi-retired (still do a little consulting) with no debt. I refused to quit working until I got the mortgage paid off from cash flow with out touching investments. I am not sure about taking invested money out of the market to pay down debt. That is very situational. I have a HELOC as part of my financial strategy that will run out in another 7 or 8 years before it has to be renewed. At that point I probably won’t care much about it.

If you are looking at retirement on the near horizon, I would tell you to get debt free. It makes retirement more manageable and it sure feels good. Of course if you have a crap load of money, its all pretty irrelevant.

I would also recommend that you have 3 years of whatever your cash requirements in retirement are so you don’t have to pull money during market corrections. To the best of my knowledge, the market has never not come back stronger than it left us and I believe 3 years is about the right window.

Lot’s of strategies, lots of different situations. Stay involved and studied in managing your money and get good advice on an on-going basis. Oh, and if you are planning on retiring at 65 and you make it in good health, plan for a 20-25 year retirement. Mortality is already out to 82 for a 65 year old man and moving rapidly toward 90.

]]> By: Chris Peach https://www.moneypeach.com/episode-047-paying-off-the-mortgage-andy-hill/#comment-1194 Fri, 16 Jun 2017 15:57:17 +0000 https://www.moneypeach.com/?p=5610#comment-1194 In reply to Andy Hill.

Thanks! It was great having you on the show!

]]> By: Andy Hill https://www.moneypeach.com/episode-047-paying-off-the-mortgage-andy-hill/#comment-1193 Fri, 16 Jun 2017 14:12:04 +0000 https://www.moneypeach.com/?p=5610#comment-1193 I had a blast chatting with you Chris. Keep up the great work! You’re helping people take control of their finances and live a happier life.

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