JimmyTwoTimes
Well-Known Member
Obviously, age plays a significant factor in that. I'm not going to retire for another 35-40 years (if then; I totally see myself as the work-til-I-die-and-drop-dead-at-my-desk type) so I don't need to worry about needing the money immediately if investments tank. If you're already retired, keeping your money in safer investments is a necessity, and FDIC or treasury-backed investments are currently returning absolutely nothing. Put $100,000 in a 12 month CD and earn $800 in a year, woo-hoo.IOW, Jimmy, you're betting that the investments you're making instead of paying off any of that debt won't tank just before you might need or want to liquidate some of them for your next car purchase. You're also betting on job security/employability at a comparable level, something that you may not be able to count on as you get older.
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