Embracing our 38 year mortgage into retirement

Pay off your mortgage, pay off your mortgage, quickly, fast, don’t even think about not doing it!  Stop, don’t pass go until you pay off ALL your mortgage first.  You must work forever if you don’t pay off your mortgage as early retirement is impossible without doing this first. These are the near universal words in the FIRE community. What is a 38 year mortgage? Is there such a thing as a 38 year mortgage, you might be asking?  The Finance Patriot has lost his mind. No, there is no such thing as a 38 year mortgage offered from start

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Five Things I’ll Miss About Work When I Retire Early

In the niche world of Early Retirement and Financial Independence writing, the themes seem to be focused endlessly on the things we will enjoy about leaving the full-time work force world of being a wage slave.  I too, have these feelings each morning I am forced to be on a 10 minute conference call, where we discuss our plans for the day (inevitably this 10 minute call lasts 15-30 minutes). Recently, though, between analyzing our investments and our realization that I can retire today, I have been reflecting on my last six years at my current employer.  I want to detail all

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The Roth IRA Rescue; Why Early Retirement Planning Requires a different plan

When I first started thinking about retirement, I never pictured myself being able to retire very early.  I had never seen it done before.  Heck, my own parents worked until death and age 70, the latter having only stopped working due to the business she worked for went bankrupt and closed its doors.  So what is a young lad to do? I knew great options existed, so I took full advantage of work pre-tax retirement accounts.  I put money into my 401(k), as much as I could to avoid the 28% (now 25%) Federal tax bracket.  Prior to this account,

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A History of My Interest in Financial Freedom and Early Retirement

Who am I and how did I get here? As an infant, the concept of work and career are foreign.  The concept of play is not.  Somewhere along the way, work becomes more important than play… far more important.  Therefore, as we grow up, it is incumbent upon us to figure out a way to reset the pendulum. Welcome to the Finance Patriot.  What comes to mind when you think of a patriot?  The web defines a patriot as; a person who vigorously supports their country and is prepared to defend it against enemies or detractors. Fair enough.  In America, the

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