>>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
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.