Confessions of one sahm

iVillage Member
Registered: 01-09-2009
Confessions of one sahm
3365
Fri, 04-03-2009 - 1:58pm

I've been thinking about this *debate* lately, and I think that many of my

********
Ducky

Pages

iVillage Member
Registered: 01-08-2009
Sun, 07-05-2009 - 4:01pm

It is not smart to have all your money tied up in a home if you are not planning to sell it when you retire. If your house is your largest asset, you run the risk of not having enough money to retire on. Let's just say your house is your largest asset, and it is worth 450K. That means that your retirement fund is less than 450K. Most people will need more than 450K or the income from such to enjoy a comfortable retirement.

Renters and home owners alike have to figure out what kind of income they will need to secure the kind of retirement they would like to have. I do not see how having a home is necessary to figure out what kind of income you will need in retirement.

iVillage Member
Registered: 03-26-2009
Sun, 07-05-2009 - 4:05pm

It is not smart to have all your money tied up in a home if you are not planning to sell it when you retire. If your house is your largest asset, you run the risk of not having enough money to retire on. Let's just say your house is your largest asset, and it is worth 450K. That means that your retirement fund is less than 450K. Most people will need more than 450K or the income from such to enjoy a comfortable retirement.


Do you honestly think "most people" will have more than 450K or the income when they retire? Do you not realize that many people work long after retirement, if not a fulltime job but a parttime one to get by?


Renters and home owners alike have to figure out what kind of income they will need to secure the kind of retirement they would like to have. I do not see how having a home is necessary to figure out what kind of income you will need in retirement.


And neither did I before I read Amilla's post :)

iVillage Member
Registered: 01-08-2009
Sun, 07-05-2009 - 4:10pm

Again, I do not decide what is smart or not based on what "most people" are doing. I decide on the basis of what is smart. And, yes, I know that many people work after retirement, either by choice or from necessity. You may not remember that my own DH is long past the age where he "could" retire, he just has no desire at all to do so.

If you want to insist on misreading Amilla's post, go ahead. It is silly to engage in any conversation based on your misreading, though.

iVillage Member
Registered: 03-26-2009
Sun, 07-05-2009 - 4:11pm
You and I BOTH know, I did NOT mis-read it :)
iVillage Member
Registered: 01-08-2009
Sun, 07-05-2009 - 4:17pm
Why do you think I am interested in how much or how little other people have in their IRAs or 401Ks?
iVillage Member
Registered: 03-26-2009
Sun, 07-05-2009 - 4:19pm
I am showing you that your figure is WAY off.
iVillage Member
Registered: 01-08-2009
Sun, 07-05-2009 - 4:24pm
What figure? I never gave you a figure, and certainly not one that estimated what other people were saving toward their retirements!
iVillage Member
Registered: 10-08-1998
Sun, 07-05-2009 - 4:26pm

Where are you getting this stuff?

iVillage Member
Registered: 01-08-2009
Sun, 07-05-2009 - 4:27pm
If you think that Amilla's post indicates or recommends that you should tie your retirement saving or investing to the value of your home, you most certainly did misread the post. End of story.

Pages