UpdateDecember 12th, 2020 at 03:38 pm
It's been a little over a month since my last update. We are on track to meeting our Mortgage Pay-off goal for the remainder of 2020. If everything goes according to our plan, we might be able to surpass our of goal $75K principal balance. This might be a bit overzealous, but I am hoping for a paid for house by this time next year.
Christmas Day will be super low key this year for reasons beyond our control. We will have our morning Christmas Breakfast, gift exchange and Christmas dinner. Just the four of us + my oldest significant other.
On another financial news, we are selling one of our rental properties to our youngest son. He is young, has a great job and the desire to invest in his future. He paid off another rental property in less than two years and is now netting $1,400.00 a month after paying property taxes and Homeowners insurance. My oldest is quite different; he has no interest in being a landlord and is perfectly okay with renting. I don't see anything wrong with that either.
Work is okay and I'm doing the best I can during these strange times in our educational system. I am a little behind with my Roth IRA distributions but fortunately I have until April 15th to fully fund it.
Well, this is all I have for you. I want to wish you all Happy Holidays and a Prosperous, Healty and Happy New Year.