No. of Recommendations: 1
There have been a few earlier threads debating whether to pay off one's mortgage before retiring. This standard deduction would make that decision easier for me.

I paid off my mortgage about 23-24 years ago. I never could figure out the wisdom of paying a Dollar in mortgage payment to get a $0.06(6% were the interest rates then) tax deduction if I didn't have to. With today's rates of 3%-4% it makes even less sense to me.

I've been completely debt free since July 1, 2003 --the day I retired. All bills, including monthly credit card charges get paid upon receipt of the bill.

It makes life in retirement, simpler for me.

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