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After the interesting discussion of taking SS at 62/65 I have another that might be interesting. Shortly after early retirement I got married and my wife is 45. Well we decided to build a house and the question is should I pull 150000 out of my investment money to pay it off or carry the 6.25% mortgage. I would hope I could make at least close to 6.25% return and being able to write off the interest payment is money ahead. I am 56 and the portfolio of investments is about 850,000. There is no pension seeing I took the lump some. I am carried on wife’s health insurance. Comments please. Is it wiser to pay off a mortgage or continue with one for tax purposes?
runnerr
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