Investing 102

[GregWeld]

Originally Posted by Vegas69

You'll never regret having a mortgage free place to live. Timing the stock market at retirment age may be a different story.

Sorry -- that's just a giant misconception. The day you retire -- you don't just curl up in a ball and die... Or have to put all your money in a CD....

If you retire at 65 and have a life expectancy of early 90's.... you've got 25 more years that your retirement investments will still be working for you... with both growth and income. Dividends increase - a fixed rate mortgage does not.

He can still pay off his house as early as he is able...

The problem is most people cut their payment with a re-fi but then go out and piss the money away rather than investing it... so it really depends more about how anyone handles their finances.