A California native transplanted in southern Illinois.For me, this was the deciding factor in how big a priority paying off the 5th wheel loan needs to be.
If I were to retire NOW, I calculate that I could draw $1,456 per month from my nest egg. Here is how that budget would look:
Everything I need, but not much fun. Without the 5th wheel loan payment, I could increase those sinking fund contributions and have more discretionary dollars. In short, my financial situation would be greatly improved.
Plus, I intend to cancel my life insurance policy once the 5th wheel loan is paid in full, freeing up a few dollars there as well. No one depends on my income any longer. However, in the event of my death, I would want SB to be able to have the 5th wheel free and clear. My children are both self-supporting and will inherit my investment and bank accounts.
So, I am happy with this plan. It makes sense to me.
Number Crunching
November 14th, 2019 at 07:24 pm
November 14th, 2019 at 07:47 pm 1573760871
November 14th, 2019 at 08:15 pm 1573762546
November 14th, 2019 at 09:18 pm 1573766339
I think the picture problem is sitewide. I noticed others out as well.
November 15th, 2019 at 04:28 pm 1573835307