Quote:
Originally Posted by natickdan
I agree that the majority of financial planners would suggest it is most ideal to be mortgage free going in to retirement.
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This really does depend on situation. At today's rate (4.X%) with an effective rate after tax deductions (assuming you make under the limits) of 3.X% it can make sense investment wise. That is, assuming of course, that you can find investments that make more than 3.X%. You're not going to do it in a savings account but the investment world is much bigger than savings accounts
Personally I just closed on my mortgage with Citizens today. I have no intention of paying off my new 30 year mortgage any sooner than it is due. But plans do change and I can always decide to do it later if it makes financial sense.