stephenkatsea
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- Apr 30, 2008
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Other than a mortgage, get yourselves debt free ASAP and stay that way. Pay cash for toys and vehicles. Put 100k miles on your vehicles before trading them in. New cars are crazy expensive. We only had 2 prior to retirement. Max out your 401k contributions. Start an HSA. $ are not taxed going in or coming out if used for medical. We have Medicare and a secondary, but the HSA helps for dental etc. We sold our 5BR empty nest in CA and paid cash for a very nice place in AZ. Transfer 401K to an IRA upon retirement. An IRA professionally directed at Income works well for us. So with Social Security, IRA income and some employer purchased monthly annuities we live very comfortably. Again #1, get debt free and stay that way.