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<<what do you
fools think of the idea of cashing in enough IRAs ( I'll be 59 1/2 soon) to pay cash for the house?>>

Hi Blaycat, let me add my "welcome", also. Although I rarely contribute to this folder, I lurk occasionally, because my husband is just two years behind you and will soon face some of the decisions you're mulling over.

Owning a home outright has always been anathema to me (a complete contradiction to what my Depression-era parents strived to accomplish). But my generation was taught to worship the mortgage deduction. Suddenly there's all kinds of good articles about why retirees might want to pay cash for their home, but your reasoning is the first that really made sense to me.

As you put it, the cost of your home becomes that safe conservative 40% or so of your portfolio that indirectly increases your income by 7% by not having to make mortgage payments. Hmm... I think I like it :-)

Please keep us posted on what you decide!



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