Talk of The Villages Florida - View Single Post - the expected cost of living in tv.?
Thread: the expected cost of living in tv.?
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Old 10-20-2013, 10:30 AM
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Quote:
Originally Posted by Ohiogirl View Post
Everyone's financial situation is different. Our 91 yr old neighbor got a 30 year mortgage last year - obviously, she doesn't care if she pays it off. A paid off mortgage is not everyone's goal.

Remember that if most of your reserves are in regular IRA's, you would have to pay taxes on the funds you pulled out to pay cash for a home. That rate is a lot higher than a 4-5% mortgage.
There is a lot of that going around that is why taxpayers paid for all the bailouts