should we pay off house
we are now retired and wondering if we should pay off the house. some say never pay the house off, not really sure why. house interest is 4.3% can only get 3% guaranteed interest on money. in...
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Peace of Mind does have high value ... depending upon careful thought as to what it is that provides the peace of mind.
I have a hard time wrapping my head around a hypothetical situation like this: Having $100,000 in an (insured) investment account earning 4% (capital gains over time) and also having a $100,000 3.5% (deductible at tax time) mortgage on the house and then cashing out the investment account to pay off the mortgage.
Peace of Mind to me means as much as possible not missing wise opportunities to optimize one's resources.
I have a hard time wrapping my head around a hypothetical situation like this: Having $100,000 in an (insured) investment account earning 4% (capital gains over time) and also having a $100,000 3.5% (deductible at tax time) mortgage on the house and then cashing out the investment account to pay off the mortgage.
Peace of Mind to me means as much as possible not missing wise opportunities to optimize one's resources.
