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[quote=Anonymous][quote=Anonymous]Why does everyone assume they have to pay their mortgage off before retiring?[/quote]

I don't think people assume you have to, but it is desirable for most of us. For instance, in our case, retirement plan is structured around a government pension which will be worth about 65k/yr. Our goal is to fit all our ordinary expenses, including healthcare, within that pension, giving us far more leeway with our remaining retirement dollars (between 1.5 and 2m in various accounts). If we don't have a mortgage, that's really easy, and we can do it without even having to budget that carefully. This allows us to use the remaining funds for travel, gifts to kids, bucket list hobbies and expenditures.

If we have a mortgage, we just have to do a lot more budgeting about how we structure retirement. I don't want to. I want to enter retirement without debt or saving obligations. That's the whole point of retirement to me. Otherwise I should probably keep working until those obligations are taken care of.[/quote]

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