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[quote=Anonymous]Probably the biggest asset you will own is your house. How many years left on the mortgage? If <10 years, I'd make sure to have a cash savings goal AND a plan to have that house paid off in the next 10ish years. Why? You can sell that house, buy an apartment or condo, reduce your housing expenses to $30K or less a year (no more than 30% of your $100,000 from pensions.) After upping contribution to buying out your home, I'd save cash aggressively. Maybe you can save an additional $1,500 a month, if you're prepared to be frugal on travel and other optional expenses. Then look at all your cash and see if you can ladder assets with an idea you'll need some in 5 years (replacement car), some in 10 years (home repairs increase in health care costs), 15 years (health care and aids), etc. you may be able to get slightly higher yields, especially from those funds you "mark" as needing in 15 years.[/quote]
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