Quote:
Originally Posted by Bugeater
No mortgage and no dependents anymore means we're getting ****ing killed with income taxes. The Mrs is getting bought out of her pension soon, she just wants to dump it in her 401k, which already has a substantial amount of money in it. I was thinking maybe we should buy a rental house. Hell it probably wouldn't really make any money until we sold it, and it will likely lose money the first few years. Smart idea or not?
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Buying a home is a nice swing in the right direction financially. It can literally take you from "not being ahead" to being ahead with one investment.