No. of Recommendations: 1

You wrote, Making a mortgage payment when you are retired requires that you have more income to maintain the same lifestyle than if you didn't have the mortgage. ...

I would point out that depending on how you structure your investment account, the portion of your P&I payments that are actually treated as taxable income could be very small (as in ~10-20% of your P&I and potentially much lower in the first year or two) in the early years of the mortgage. That's because if you are holding mostly equities, only the gain itself is taxable.

Of course after 30 years 80+% is probably taxable. But so what? It means you've profited handsomely in the interim if that happened.

- Joel
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.