this post was submitted on 19 Nov 2023
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Aotearoa Daily Kōrero 20/11/2023 (self.newzealand)
submitted 1 year ago* (last edited 1 year ago) by absGeekNZ to c/newzealand
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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?

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[–] Dave 1 points 1 year ago

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.