[Schaumburger]

Originally Posted by 2BNTV

Everyone must perform a comparative financial analysis when moving for one place to another especially if their going to have a fixed income. Everyone has to decide for themselves if it is feasible.

Most financial people have said that one should not go into retirement with debt and having a mortgage is not the best type of scenario. While this seems too simplistic, it is the way for many Americans.

IMHO - Retirement is not “retirement” if one has to work. Working for a few dollars to pay for something on a short term basis or to have a few bucks for extras or if one feels they will stay healthier. Most financial people say to plan for increased spending habits when not working. As everyone knows, one cannot afford to live outside of their means. Some people are not as fortunate as others in terms of retirement income so they should plan accordingly. With so many options of hobbies and interest in TV, one must be prudent in handling their finances if their income is limited and select options that are doable. At some point, one’s body will tell you when it can’t go no more. To work until one dies is not the way to go.

Two sayings I have been informed of:
1. First you see what you like and then buy what you can afford.
2. Do want to own the house or do you want the house to own you?

Excellent point!