@Tarastie@lemmy.world to A Boring Dystopia@lemmy.world • 1 year agoRetiring 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.worldimagemessage-square26fedilinkarrow-up1109arrow-down120file-text
arrow-up189arrow-down1imageRetiring 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@Tarastie@lemmy.world to A Boring Dystopia@lemmy.world • 1 year agomessage-square26fedilinkfile-text
minus-square@Gigan@lemmy.worldlinkfedilink7•1 year ago 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.
minus-square@nowwhatnapster@lemmy.worldlinkfedilink1•1 year agoMortgage = 2.25% Tbills = 5% I can attest to this scenario.
It depends, high yield savings accounts are getting >5% interest right now. Which could be higher than his mortgage rate.
Mortgage = 2.25% Tbills = 5%
I can attest to this scenario.