People don't typically work for 30 years right??? What happens when you are to old to work and you still got mortgage left? oh and if you die is your mortgage wiped away?? My moms mom has a mortgage that when she died it was paid off, even though she didn't pay it off? DO they still have those?
I think there is a certain insurance type thing that if you die, your mortgage is paid off even if you still owe on it for 15 yrs.
My folks had a life insurance policy on thier mortgage that way if either of them died, the mortgage was automatically paid off.
Hubby and I have the same thing on our mortgage.
Do people still work in there sixties??? I thought you were suppose to retire at 55?
Quoting imthatgirl728:I'm 35 and yes I expect to still be working 30 years from now. Well no, I expect my husband to still be working.
Who doesn't work for 30 years?
Most mortgage co's have a clause where if you die it will be paid off, it costs a little extra a month though.
I have a friend who's dad was murdered in '08. They had just bought a house right before they were both laid off but didn't get that extra insurance. When he died, her mom was left with no income and a $1400 a month mortgage. He didn't have life insurance either, so she had to sell the house.
I dod not know one person who reitred at 55. I think most hop to be done working at 65.
Quoting misssy2000:
Do people still work in there sixties??? I thought you were suppose to retire at 55?
Quoting imthatgirl728:
I'm 35 and yes I expect to still be working 30 years from now. Well no, I expect my husband to still be working.
Who doesn't work for 30 years?
Youncan retire at anytime you can support yourself...but SS will kick in at 65 or 72. I actually think it's 72. I started working at 16. So that would be 56 years for me.
Quoting misssy2000:Do people still work in there sixties??? I thought you were suppose to retire at 55?
Quoting imthatgirl728:I'm 35 and yes I expect to still be working 30 years from now. Well no, I expect my husband to still be working.
Who doesn't work for 30 years?
Today I can say I am PROUD to be from Massachusetts!!
Hey Mr. President....Can. You. Hear. Us. NOW!!!!!
People don't work for 30 years? Your mortgage does not go away when you get old or die. That's what life insurance is for.
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- misssy2000
on Mar. 16, 2010 at 5:54 PM