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Yes, this is exactly the debate that arises when we talk about this -- is paying off the mortgage the best deployment of resources? For us, I suppose many would answer that it is not. And as with snowballing debt, sometimes the most optimal choice is not the most comfortable choice. For me, three things point to paying off being the wiser course. DH is 10 years from full retirement age, we already have significant investments in other areas, and the market has experienced a significant rally recently. Also, paying off the mortgage will leave some funds available for investment. And right now, I'm not finding a lot of really interesting investment opportunities. I have cash (from dividends) in my Rollover IRA that has been building for quite a while as I look for opportunities that I like. I'm thinking about several, but have not pulled the trigger on any yet.

In the meantime, the free cash outside of retirement accounts has grown substantially and continues to do so. I haven't found anything I really want to do with it, either, and this is better than letting it earn 0.1% (or whatever) in the savings account.

And in the good-but-not-a-reason-to-do-it area, paying off the mortgage is also leading us to re-visit our wills and other estate planning. Our life situations have changed a lot in the last several years, and our estate planning has not exactly kept up. DH, in particular, wants to make some significant changes based wanting to preserve and build wealth for future generations. That's a new idea for him, one that he really didn't have the luxury of considering previously. It's neat to work with him on it, though.

ThyPeace, financial nerd (such as I am) of the family.
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