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Author: mawhinney Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19414  
Subject: Home mortgage in retirement Date: 1/20/2000 1:40 PM
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Is it always wise for a retired person to pay off one's mortgage? Seems to me that it would be better to have the funds invested,growing, & compounding rather than tied up in one's home. You would also enjoy the mortgage interest tax deduction benefit. Yes, you would need a larger income in retirement to cover mortgage payments & the larger income might mean larger taxes but the invested amount could conceiveably grow and produce enough to cover the mortgage & taxes plus leave one with extra funds. Any thoughts?
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