No. of Recommendations: 1
"To make a higher rate of return on your money than what your mortgage is may take a magician, or someone with a crystal ball. I'm probably overly cautious, but better that than end up with??? Am I being too conservative?"

Hi Gup,

To each his own, I tend to agree with you. I paid off my house 12 years ago at age 50, and don't miss the payments at all. It's an intangilbe benefit, the feeling of no mortgage ;-) Mmmmm I like it. Tax wise I have more than the standard deduction without mortgage payments. Could someone do better as described in the post, probably/maybe, but I think you need to be suited for it temperamentally... I'm not. Also lack of a mortgage has allowed me to work part time for the past 7 years. A lot of time to pursue interests other than work. Can't buy back any time when the end comes.

Whatever works for you, Ken
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.
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.