I’m a single parent and just paid off my mortgage

[Anonymous]

Bravo ! Good for you!

[Anonymous]

Congrats! That’s an awesome accomplishment!!

[Anonymous]

Anonymous wrote:You could have refinanced at 2.5% and invested with a much much higher return rate. What is the value of your home? What city are you in?

And the stock market could crash in 10 months right before the OP retires.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You could have refinanced at 2.5% and invested with a much much higher return rate. What is the value of your home? What city are you in?

And the stock market could crash in 10 months right before the OP retires.

So? She should always have enough cash to cover 2-3 years of retirement. Those crashes last under 2 years. Great time to buy into market as it turns around.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You could have refinanced at 2.5% and invested with a much much higher return rate. What is the value of your home? What city are you in?

And the stock market could crash in 10 months right before the OP retires.

So? She should always have enough cash to cover 2-3 years of retirement. Those crashes last under 2 years. Great time to buy into market as it turns around.

Wrong again. You could luck out with a one year recovery; it’s far from the norm.

https://www.quantifiedstrategies.com/how-long-does-it-take-for-stocks-to-recover/

[Anonymous]

Haven’t read whole thread, but huge congratulations!!.

[Anonymous]

Congratulations! I'm right behind you. I bought my home in 2005 and refinanced it once, down to a 3% interest rate. My home is 1100 sq ft, located in DC, and I raised my 2 sons in this very small home with zero regrets. I've got 5 more years on my mortgage!

[Anonymous]

^^ Me again, I forgot to mention, I've only been making a 6-figure salary for 5 years, which was also when my oldest went to college.

[Anonymous]

Congrats! Fellow single mom here and I know first hand how much hard work it takes to stay disciplined for so long. Hope you are enjoying the moment and celebrate!

[Anonymous]

Congratulations

[Anonymous]

Amazing. Congrats

[Anonymous]

I am very happy for you.

Great role model for your child.

You should feel proud.

[Anonymous]

That is an amazing accomplishment! Congratulations to you - I'm very happy for you.

[Anonymous]

That's terrific, OP! 👏🏻👏🏻👏🏻

[Anonymous]

Congrats!!! We are trying to pay a few hundred extra on ours each month.