LogFAQs > #952301331

foolm0r0n posted...

You really never want to do this though since you have an absolute hard cap on how much money you can out in a Roth IRA. Around 6k * 40 years. If you take out the 10k, then you're effectively throwing away 2 years from your limited 40 years available. With compound interest, it's a huge hit to your final retirement amount.

A regret (kind of) of mine is that I missed a lot of time with an IRA. I had reasons to not do it (including being told by a financial advisor not to), but still. I'd certainly want to avoid touching it if possible, but it's nice to know that I can.

red13n posted...

It was a time when we were building homes and selling them to people for what they were worth so that they could live in them.

Now what few homes we build we sell to people so that they can charge people more than what they are worth over time to live in them.

Gosh the stories I've heard about landlords as well. I hope I never have to rent. I'd rather get scammed by a mobile home park than deal with the landlords that own the building after some stories I've heard.

ZeldaTPLink posted...

Independence has its ups and downs, even aside from financial terms.

For me the biggest issue was loneliness. During college years I lived alone just fine, but when I went to live alone to work for a few years, my social life basically ceased to exist.

Modern society makes it difficulty for people to build social connections, so living with parents helps counter that a bit

That is a nice thing for sure. What helps with me is that I have some online friends I do things with and do voice chats. We watch movies, YouTube, play games, etc. It's nice.

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<D