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Reply to "Walk away from $1 million a year?"
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[quote=Anonymous][quote=Anonymous]OP again. It sounds like a lot of posters believe there is no such thing as "good debt." I hear that a lot on bogleheads. I'm not sure I agree. With the Trump (ugh) tax stuff there's less of an incentive as before to keep a mortgage, but it still seems to me that, over the long term, you will do better in the market than what you'd save in interest by paying off a mortgage with a low interest rate (in my case, 3.25 percent). I realize that not having a mortgage is a comfort thing for many, though. [/quote] This is a defensible position when you are working. After retirement, it really isn't. You aren't adding to the savings/investment pot, you are only withdrawing. Plus, you have a long horizon in front of you - probably 30+ years. Removing the mortgage eliminates a large recurring obligation, and dramatically improves your likelihood of living the lifestyle you want to in retirement. [/quote]
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