Musica40
Dryer sheet aficionado
My Two Cents
As it has been stated here, there are two side to this argument. Many have not paid their homes because of the low interest that is being offered today. They'd rather invest. Past peformance does not gurantee future returns. In our case, we were determeined to pay off our home prior to retiring because we felt at peace doing that. As we approach retirement our income streams will be more than sufficient. We have military, VA, SS x2, 401K, Roth x 2 and 2 x regular IRA. We will live off our military and VA pensions until FRA. We live well below our means. There is just something about knowing that your biggest asset is paid for. If the market turns, house is paid off. There is no mortgage. To us, this is very satisfying.
As it has been stated here, there are two side to this argument. Many have not paid their homes because of the low interest that is being offered today. They'd rather invest. Past peformance does not gurantee future returns. In our case, we were determeined to pay off our home prior to retiring because we felt at peace doing that. As we approach retirement our income streams will be more than sufficient. We have military, VA, SS x2, 401K, Roth x 2 and 2 x regular IRA. We will live off our military and VA pensions until FRA. We live well below our means. There is just something about knowing that your biggest asset is paid for. If the market turns, house is paid off. There is no mortgage. To us, this is very satisfying.