Talk of The Villages Florida - View Single Post - If you pulled 250k out of the stock market....where would you put it?
Thread: If you pulled 250k out of the stock market....where would you put it?
View Single Post
 
Old 12-08-2013, 07:07 PM
billethkid's Avatar
billethkid billethkid is offline
Sage
Join Date: Jul 2007
Posts: 18,535
Thanks: 0
Thanked 4,870 Times in 1,420 Posts
Default
Quote:
Originally Posted by ricthemic View Post
Looking at existing houses now in TV. Does it make sense to buy the house cash by taking out of stock market? Planning on six months in TV. Have existing house up north paid off. Leaves us with a decent pension, SS and some cash.
If one can have a mortgagewith interest rates 2-5 points below what can be earned in the market why work to pay cash for anything?

While it is a persoanl choice, it seems there are many retirees who "feel" more comfortable paying off the house. And if the "feel" is that important so be it. Or it may be one's goal to not have a mortgage...that is another choice.

But if I can have a mortgage AND CONTINUE growing the nest egg....that is my choice.

There is plenty of time to pay off the house...or my survivors can handle it!!

btk