Reply to Single Guy Budget Review

Forum Index » Money and Finances

Reply to "Single Guy Budget Review"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Chiming in here, I also think OP should look at a 529 for his cousin.

OP I think you are doing OK.  My (presumably straight) DH would easily spend that much on clothes if he could.  Maybe you could cut some expenses (the housing cost screams out to me) and put a little more into savings - because like it or not, you are going to get old some day and need some place to live.  It's great that your business is doing so well but things change, 10-20-30 years down the road things could be very different.

I totally understand not wanting to buy a house now, and I wish the tax code did not so heavily favor homeowners. However, when you hit 65 you will not be able to take 1M our of your retirement willy nilly and just plonk it down on your dream retirement home.  That won't work tax wise.  For me, although I don't want to buy anything either and am in a much different financial situation, that is the one reason why I am taking steps to make that happen in 5 years or so.  This is especially important if you envision staying in the area and continuing to live like you do for life.  You may want to at least have that option on the table.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics