Personally, I’ve always wanted a vacation home out here for when I retire so buying was an easy choice but everyone’s goals are different.

Let me answer your question with a question.Here are your choices:1 - Take your money and use it to pay off the principal part of the monthly payments is that you can retire the loan faster...even though, the added cash/cost to you is being spent on something that the tenant (rent) is already...for FREE. 

Hi, I was a 5th grade teacher for 11 years and have $47,000 saved up in the retirement system.

My mother is 67 and soon to be retired.

My husband is a retiring from Active duty in a few days so it will also depend on how we are feeling after that!!

But if that property is their source of retirement funds for the rest of their life, selling it could leave them devastated at the very time when they most need funds because they can no longer go back to work.

If you have $150K in cash or non-retirement stocks, I would pay off your debts as soon as the banks open up today.

Especially if making the meal is what I hope to retire off of.You say you can't blame @Spencer Cornelia for not wanting to hear me out and that you'd probably blow me off as well if I was trying to convince you that spending 70k on a reality TV guru training series was a good idea.  

He retired (forced) from GM in 08' during the bailout.

We never sell the notes because we are building a private retirement program