Reply to Walk away from $1 million a year?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here.  As others have suggested, I actually could pay off the mortgage today -- I wouldn't have to keep working to do that -- but I'm not sure I want so much of my net worth tied into my house.  [/quote]

Whether you pay it off or not is totally up to you. If you can live off of $200k happily with your current mortgage as is, there is no reason not to retire if that is what you want.[/quote]

Yes, we figured that if you have a portfolio that could generate $200,000/year, it would be enough to pay off the house.  Faced with this situation, though, I'd want to go into retirement with no debt, so I'd work long enough to pay off the house, so you wouldn't be required to liquidate any investments to do so.  If your mortgage is $2000/month, that shouldn't even take a year.  Then, it would literally be a day-by-day decision - work or retire.  [/quote]

Yes. Why have any debt at all? I wouldn’t want debt in retirement.[/quote]

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