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Subject:  Home mortgage in retirement Date:  1/20/2000  1:40 PM
Author:  mawhinney Number:  1671 of 20793

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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