I'm sure that it's the last day of July 2012 in my part of this big spinning rock..

[Ramster]

Good day, lunch time soon and I'm starving.

It's a weird scenario paying of your house from retirement money but in the end does your retirement money earn 4% a year? You're paying 4% a year on your mortgage interest I'd presume. And on average homes rise in value of course each year too.

[Cleo]

Originally Posted by Ramster

does your retirement money earn 4% a year? You're paying 4% a year on your mortgage interest I'd presume. And on average homes rise in value of course each year too.

Interest on home loans is a tax write off so you aren't actually paying that unless you aren't paying taxes in the first place.

I've been considering doing the same thing but only because in Florida I'm forced to have Windstorm insurance by my mortgage company and Windstorm insurance has become so expensive with such high deductibles that it's not really worth having anymore.