2006-12-04 19:01:12 · 4 answers · asked by Richard C 2 in Business & Finance ➔ Personal Finance
As a mortgage consultant, I know the answer is yes. However the most common way of this being done is using the 25% tax free cash upon taking retirement.
You will need to contribute sufficient funds to your pension to ensure projected benefits are four times your mortgage at retirement!
2006-12-06 03:05:13 · answer #1 · answered by trick 2 · 0⤊ 0⤋
I answered too quickly. I am assuming you are years away from 55 and have time to get out of debt and start saving a ton. If you are 54 and have debt and no savings then, no. But if you have a good 15 years to invest and save, then yes! Even if you are 54 and in debt, still read the below books, they will help you to get closer to your goal by age 65.
Yes, but you need a plan.
Read:
The 9 Steps to Financial Freedom by Orman
The Total Money Makeover by Ramsey
The Millionare Next Door by Stanley
How To Get Out of Debt and Live Prosperously by Mundis
Sound Mind Investing by Pryor
2006-12-05 03:16:13 · answer #2 · answered by mldjay 5 · 0⤊ 0⤋
yes
2006-12-04 19:03:03 · answer #3 · answered by Rohan 2 · 0⤊ 0⤋
Isa's are probably your best bet.
2006-12-04 19:03:25 · answer #4 · answered by M1 5 · 0⤊ 0⤋