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]

You can keep the mortgage, people are suggesting you pay it off because 1) you haven't answered the question about how much you spend, just said you have a $2k/month mortgage and no other debt, and 2) without more information that's all we can advise you on.

If your total annual outlay is less than $200k you can retire today.  If you don't know what it is you need to figure that out first.  If it's more than $200k then you need to reduce it, and paying off the mortgage is the only clue anyone has to go on for a way to do that because it's the only information you've provided.[/quote]

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