Reply to Walk away from $1 million a year?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here.  I should add that all the kids are out of college and married.  We have a mortgage of about 2k a month and no other debt.  [/quote]

I mean, I'd probably pay off the house. I know its not necessary but just a mental thing before quitting work. But obviously you can easily do what you are proposing. [/quote]

[b]I'd work one more year, pay off the house, get everything in order, then walk away.[/b]  [/quote]

Another miserable year, another million dollars that's taxed to death and ends up being a lot less.  [b]Then you pay off the house and have no mortgage but your overall net worth doesn't change.[/b]  You just have more of it invested in your house and not generating any income.  So your portfolio generates less money but you have no mortgage.

Isn't that six of one, half dozen of the other, except you've lost another year?    [/quote]

You do not understand net worth, my friend.[/quote][/quote]

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