No. of Recommendations: 1
For many years I was stupid and thought "the mortgage deduction" was a wonderful thing. It was only after finally understanding that we were paying $1.00 (in interest) to save 30¢ (in taxes) did we get smart and pay it off. Not so amazingly, our savings began to accelerate immediately; we were saving an additional $15,000 a year.

I'm not avoiding paying off my mortgage for the mortgage deduction. I'm not paying it off because I have better places to put my excess cash.

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.