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I believe that SP is talking more about getting out of the ownership business with respect to rental property and preferring to have a landlord responsible for maintenance and repairs rather than being a homeowner after age 75, not how long he expects his money to last.

This made me think of something. You know some of us argue about whether it's smart to pay off a mortgage? Well I've suddenly thought, questioningly, whether there are some conditions under which a creditor, or a long-term care provider, or Medicaid/Medicare, or whoever can claim a bunch of your assets except your house.

I'm not much into the whole planning thing yet, but aren't there circumstances like that? Circumstances in which you would be a lot better off having kept a paid off house instead of having the cash or other liquid asset from either selling the house or paying the mortgage as slowly as possible?

xtn
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