Plus at retirement, you still need to fund rent, which would be a large proportion of income. Fine now earning good bucks, but on pension I want to only buy things I need.
That's not my plan for retirement.. my plan for retirement is to be in a position to buy the things I
want, not just the things I need! Otherwise, you can ship me off to Dignitas as that's no way to live
I could now downsize and be mortgage free, but MrsT would not be keen on that.
Who wears the trousers here, you or .. ok, back in the real world, best keep working then!
But I was actually thinking about this yesterday after a really stressful day at the office* - if I sell the rental next year then, after capital gains etc I think I can reduce our mortgage here to about ~£150k which, when I think about it, is "only" £10k p/a to pay it off in 15 years.
Suddenly, retirement at 55 seemed like it might actually be within reach.
I mean, assuming dealing with the Outsourcing Continent doesn't drive me into an early grave before then.
*home office which, let me tell you, can be very lonely and isolating some days.