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Reply to "What to do after house is paid off"
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[quote=Anonymous]When we paid off our mortgage, we increased our taxable investing and also our spending. The benefits of a taxable account particularly if you plan to retire in your mid-50's are enormous. Taxable assets allow you to retire early more easily. We also wanted to enjoy our life when our kids were young. We went on nicer vacations and paid for pricey extracurriculars. We are now in our early 50s and preparing for retirement. Kids are in college and our expenses are low, making the decision that much easier. Personally, I think investment properties are difficult to manage and not worth the effort. I'm a simple S&P 500 kind of investor.[/quote]
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