I'm nearing retirement but my wife and I are fully confident we will be debt free, investment rich and ready to have a fun.  In fact, we will be retiring in are late 50's in just a few years. No pension, no inheritance.  But what we did was start putting $ in our 401ks, IRA's and other taxable investments as soon as...more

means testing would be an absolute terrible idea and will crush the incentive for people to save themselves.  Why put away a million $ in your 401k/IRA if it means getting less in SS benefits?

The CEO of Whole Foods is a libertarian that cannot stand authoritarians.  He is not right.  Unionistas and Obamacare is socialist authoritarianism at its worse.   We need more CEO's to speak out against anti business foolishness.  Regardless of Mackey's other politics that I may or may not agree with, he is a hero.

How to get rid of them?  Don't allow them back home to begin with.  If they are 18, they should be either working full time or going to school.  If they are going to college, then allow them to live with you as long as they follow your rules and graduate within a decent amount of time.  But under no circumstances let t...more

I agree as well.  I missed the age 50 mark but I'll be there at 55.  I could have been mortgage debt free at age 35, but I had a weak moment and let my wife convince me we needed more room so we upsized.  But...can't blame it all on her.  With that large amount of cash in hand, I put half on the new bigger home and too...more

That is awesome Eric.  I have a similiar story to you only about 15 years later, mainly because I had 2 kids at the age of 21 & 24 and then adopted a 3rd at age 34.  But we drove old cars, bought our 1st small home with a 20% downpayment, took camping vacations, brought lunch to work etc...  Live below your means is th...more

<<The far right would say I`m that 47% of mooches who just take.>>   Huh! I say good job and I'm as conservative as they come.  I'm the same way.  I'm debt free except my mortgage and will soon be there in 5 years.  Then I'll sock away the savings for another 4 years and then retire at age 60 with the million or so...more

The answer is no.  Never do it.  No..not ever... you will be sorry in the end.  Even for your kids....Even for school loans.  Don't ever do it.  They will come after you when the good for nothing loser defaults.   If they can't get the loan themselves, then they don't deserve.  Across the board. No exceptions.

I'm not retired yet but I have so many hobbies, I can't imagine being bored.  I'm a software developer so I plan on exploring my 'inner engineer' in other pursuits.   So many places to see and do.  Ever hiked a 14'ner in Colorado?  I want to do every one that is legally accessable.  There are thousands of national ...more