Re: minimum income
Historically, the stock market AVERAGES about 10% increase per year and inflation AVERAGES 3% per year so you net out on AVERAGE 7% per year. An AVERAGE of 1% over the mortgage cost.
I don't want to be stuck on a down turn of the market or up turn of inflation trying to make monthly mortgage payments from the proceeds of the stock market.
I'm paying off the mortgage from my investments when I retire and eliminate the $1,000 or so monthly expense and the worry of what might happen to the market.
If we get in a major cash crunch later, we can think about opening a new mortgage.
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