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Politics : Politics for Pros- moderated
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To: John Carragher who wrote (101874)2/23/2005 5:03:58 PM
From: Lane3  Read Replies (1) of 793731
 
why pay off the mortgage if you have the capacity to pay it off any time

I agree, there's no reason to do that.

Mine was a broad-brush statement in response to a broad-brush statement. I had in mind that one shouldn't retire as long as one needed the salary to meet the mortgage payments, not necessarily making it a rule to pay off the mortgage before retirement, although that's what I said. One should risk losing one's home after retirement when it's harder to recover.

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