Welcome to today’s daily kōrero!
Anyone can make the thread, first in first served. If you are here on a day and there’s no daily thread, feel free to create it!
Anyway, it’s just a chance to talk about your day, what you have planned, what you have done, etc.
So, how’s it going?
I have a plan but timeframes and priorities have changed over the years. For quite a while we have been squirreling away into managed funds and built up quite a bit (for us, which is very relative), the idea being to use the 4% rule to decide when to retire.
We are likely to move into a bigger place in the near future because of a family shakeup, and we are going to have to dig into retirement savings to do it. However, I think paying off the mortgage will happen within 5-10 years depending on what interest rates do from here. At current levels I think it’s a priority over almost anything else.
My plan is basically still to use the 4% rule to determine when we retire. But mortgage first, so that’s going to be further away than I had hoped.