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<p>[QUOTE=&quot;Prime Mover, post: 1670453, member: 38783&quot;]:welcome:</p><p><br /></p><p>I&#039;m diverging from coins/silver a bit here, but a couple folks touched on it also.&nbsp; With you mentioning the comment above - PLEASE at some point soon seek out a good (and believe me there&#039;s plenty of mediocre and bad) eldercare/estate lawyer and get your soon-to-be MIL&#039;s house into a trust (along with other available assets), as well as the wills, Power of Attorney (legal AND medical) and advanced directives settled (ESPECIALLY if there&#039;s other siblings involved for your gf, or even you).&nbsp; You seem to have really good control of your finances and your plans, kudos to you sir, but also make sure to address these things while you still have good financial flexibility to compensate for any of the fees of doing all this now, as it can get very expensive to go through.&nbsp; But, once done, it&#039;s done and you will have peace of mind.</p><p><br /></p><p>I was/am a single child, adopted so there was an almost 50-year gap between my parents and I.&nbsp; I used the phrase &quot;I&#039;ve got one set coming out of diapers, and one set going in&quot; a lot.&nbsp; My mother currently has very late stage dementia/alzheimers, and my father is just old and debilitated.&nbsp; Several years ago we needed nursing care for them, and thus began the saga.&nbsp; Long story short, the money I thought they had, and I thought we&#039;d have, went poof faster than you can say abra-cadabra.&nbsp; Lack of planning on my parents part, lack of knowledge on my part, and many lawyers later, we&#039;re finally almost settled.&nbsp; We never expected this, most people don&#039;t, and it really sent us on a roller coaster we didn&#039;t enjoy.</p><p><br /></p><p>The roth IRA I think is a good idea, as when my parents needed money for the home, I took out funds from their normal, tax-advantaged IRA (had to, no choice).&nbsp; That came with an 18% withdrawal penalty above the yearly allowance, and at the end got hit with an almost $70k tax bill from Uncle Sam, since the government thought they &quot;made&quot; over $250k that year.&nbsp; The house was sold, going to medical expenses, and everything else they had went as well.&nbsp; Almost $750k &quot;hard&quot; assets gone within 5 years.</p><p><br /></p><p>With proper planning and protection now, you can feel very confident and settled for later, and not have to worry about whatever nest-egg you&#039;re building today get wiped out having to care for relatives.</p><p><br /></p><p>Back on topic - I personally keep my mortgage as-is, no plans to pay off early (low rate, 15-year), have 6 months living expenses in cash (in the bank, not under the mattress... <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> ), have 6 months more living expenses in bullion in my SDB, contribute to my 401k to my employers match percentage (4% me, 4% them), and use my 401k as a personal loan to myself anytime I need a chunk of money instead of going to the bank (I pay myself the interest back to the 401k, instead of to a bank), and the amounts I&#039;m taking are low, and paid back soon so there&#039;s no real risk to depreciation of the end projections).&nbsp; </p><p><br /></p><p>For my silver habit, I buy mostly junk silver and have a thing for silver Ike&#039;s, Franklins and State Quarters, stacking probably about 10 ounces a month on average, depending on my hobby budget that month (which is last on the priority list, always).&nbsp; The coins satisfy both my interest in the coin collecting hobby, and the benefit of having the silver.&nbsp; I personally believe the silver is an inflation hedge - I&#039;m not counting on being able to retire on it, and also it&#039;s &quot;forced savings&quot;.&nbsp; In other words it&#039;s a hassle to convert the silver back into cash, so I buy it rather than keep cash around the house which I can dip into at any time to pay for things I really don&#039;t need.&nbsp; It&#039;s my &quot;break glass in case of emergency&quot; thing, so to speak.</p><p><br /></p><p>Good luck to you, and most importantly - ENJOY whatever it is you want to do now (and if that means buying silver, then go do it).&nbsp; I&#039;m married with kids now, and while I&#039;d do it again without a moment&#039;s hesitation, I also do look back to the days I wasn&#039;t, and am glad I have good memories of that also.</p><p><br /></p><p>PS - I&#039;m kinda in agreement with that jelly bean story... :devil:[/QUOTE]</p><p><br /></p>

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