"How the heck does someone get to retirement age and still have a mortgage? That one baffles me. Same with car payments
As an estate planning attorney I can answer that, I've seen it caused by:
ACCIDENTS,,,,,,,,ILLNESS,,,,,,,,,,CANCER,,,,,,,,,,HEART DISEASE,,,,,,,,,UNFORSEEN LIABILITY,,,,,,,,,,,CHILDREN OR ADULT CHILDREN NEEDED HELP,,,,,,,,,,,,TRAGEDY IN THE FAMILY
And that's even with people who were frugal, always paid cash, had plenty of money prior with NO car payments NO unpaid mortgages or credit card debt and had insurance even, but catastrophic incidents like the above can still wipe them out.
Of course, absent the above I agree 100% and think (and I do) at or before retirement have everything paid for, a pension and money in the bank, good insurance, possibly long term care insurance (if warranted),,,,,,,plenty of liability insurance,,,,,,,,,good solid well diversified investment portfolio LIKE THE TV COMMERCIAL SAYS "A LIFE WELL PLANNED"
Some have been blessed with the above HOWEVER unfortunately some have not. Good traditional Christian Conservative lifestyle with God, Family, and Country as priorities has worked for me, maybe not others, to each their own I say.
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
