[BobL]

I wouldn’t call that a book. Read my home page if you want that (i.e., there’s a reason why FR is slower these days...LOL).

Yea, it was a tough call for me, but I ultimately went the other way and decided to pay off my mortgage. I was paying 5% on it, and not getting a red cent on my savings or one of my IRAs. So screw it, I get 5% by paying down my mortgage. I ended up cashing out a rather large IRA last year after deciding to eat the 10% penalty. I simply don’t want that money available for their taking later and I know that no one, at least here in Texas, can touch my house (as long as I keep up with taxes).

I only wished I had done this earlier, as I probably lost $15k just twiddling my thumbs the past few years.

[Casie]

Yep. I wish we were closer to having ours paid off and could do the same. I'm so jealous! We still owe 30k (29,900!) and that puts it right out of our reach. So we are going to drag it out and try to invest in other things that will make us feel more prepared for what will come. The pantry is stocked up good. Now the hubby wants to build a proper deck on the roof so he can hunt squirrel off the second floor balcony. I might just let him!

Gonna check out your home page!

[AppyPappy]

It’s 10% PLUS your current tax rate which is probably higher than when you retire.

I find that people pull money out of 401K’s for another reason. They can’t stand the thought of having money and not spending it. Why else would you rather lose 40% of the account rather than make 5%?

“Yes Mr Bob, if you invest with me, I can promise a -40% return. You are guaranteed to lose money with me”
“Well slap my ass and call me Sally. Where do I sign?”