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URL:  http://boards.fool.com/gtgtis-it-always-wise-for-a-retired-person-to-11852643.aspx

Subject:  Re: Home mortgage in retirement Date:  1/22/2000  10:57 AM
Author:  middlearth Number:  1692 of 19483

>>Is it always wise for a retired person to pay off one's mortgage?<<


If you've owned your house for several years you've already paid most of the interest that's deductible. So, you have NO write-off(or very little) left.
In this case, you could pay off the house- and if you're post retirement income is still so large that taxes are eating you alive, you could buy a couple of duplexes. The rent would pay the mortgage, and you get the write-off. I hope this helps.
Eddie
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