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Old 05-02-2020, 03:07 PM
pjohns pjohns is offline
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Default Re: Why do so many assume that retirement means settling for less income?

Originally Posted by AZRWinger View Post
You are making assumptions. Many people use their homes like an ATM refinancing when they want cash. The mortgage never gets paid off.
You are correct in all this.

The "assumption" that I am making is simply that the person under consideration is reasonably mature--and reasonably responsible.

If he (or she) is, then he (or she) will have a fairly robust savings account; and will, therefore, not refinance in order to receive some cash.
"In his second inaugural address, [Franklin D.] Roosevelt sought 'unimagined power' to enforce the 'proper subordination' of private power to public power. He got it…"—George Will, July 8, 2007
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