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Fern GOALS
1.Pay off the mortgage by 2015.
Current balance as of 6/27/08: $71,000.
2.Save $1.2 million in asets so i can retire at 60. (The $200,000 is to fund out-of-pocket health care expenses, even when on Medicare, that's what i've read you should allow for.) I could probably live comfortably on less, but due to the uncertainties of the Social Security system, my income, health insurance costs, inflation rate and other factors beyond my control, I've set my sights on a million.
3. In retirement, get a dog from the pound. Find a 'fun' part-time job with health insurance (few and far between, but they're out there) until i'm age 65 and Medicare can pick up my health care expenses. Do more volunteer work. Continue my freelance business. Travel. Cook. Kayak. Defer collecting Social Security until age 70.
This is The Plan. (I'm still in my 40s, but hey, I really like to plan ahead.)
Additional 2008 Goals:
1. EXERCISE: Continue daily minimum of 30 minutes (1 hr. ideally) exercise in the form of walking, lawn mowing, snow shoveling, raking, bicycling or kayaking.