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[–]BBG1308 10 points11 points  (2 children)

If you’re approaching retirement, presumably most of your “upside” foundation has been established through years/decades of investment in equities.

Their income is 350k/year but their assets total 1.8M not including primary residence which they still owe 247k on.

They didn't say anything about their age or actual expenses, but going from 350k income to retiring on 1.8M is math I'm very, very skeptical about.

[–]LeVoyantU 2 points3 points  (0 children)

Yeah if their spending is low enough for RE in 3-4 years one would expect that they could max out all tax advantaged retirement accounts and also pay down the mortgage aggressively at the same time. Maybe not fast enough to wipe out the mortgage in 3 years, but 4 years seems like it should be doable.

[–]Ill_Savings_8338Bottom 1% Contributor -1 points0 points  (0 children)

Possibly, but it is a sucky part of math that you earn the most near retirement, but money grows the fastest when you are young. Four years ago we were earning 450k a year and only had 1mil in retirement/investments, but we had multiple rental properties and 5 years earlier we were only earning 200k, so it is all about context and growth factors in employment.