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Subject:  Re: Withdraw to pay down mortgage? Date:  1/30/2000  4:30 PM
Author:  Crosenfield Number:  18482 of 104272

All that you say sounds logical. The 5.12% cost after taxes of your mortgage is less than 5.5% you can get on AAA tax free bonds. The only reason I can see to pay off the mortgage would be if you have a cash flow problem. Apart from that, if you can take in 5.5% with one hand and pay out 5.12% with the other, it is to your advantage to keep the mortgage.
State tax is a minor reason to keep the mortgage.
Keep foolin! Chris
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