[onewhippedpuppy]

Originally Posted by biosurfer1

Don't think I can agree. For the debt tabs is talking about (stupid debt) then yes, that's true. Otherwise it's like telling Ruth Chris "you don't increase net worth by buying steaks" except they turn around and sell that steak to some guy for 3x the price.

If someone wants to loan you money at 3% and you can make 4% with acceptable risk, why not???

Fundamentally the problem is that nothing is guaranteed in investing. Are there low risk investment options, of course! But nothing is guaranteed, and we have several events in the last century that have illustrated that. But you know what is guaranteed? Paying off your debt is guaranteed to save you whatever interest you were paying on that principal. Saving on a 4% loan is exactly the same thing as investing at 4%.

Originally Posted by greglepore

The more I think about this, my age makes this less of an issue. If I was 40, I'd pay off a 30 year by the time I was 70, and would end up with the equity and the cash, assuming no disaster. But at 59, I'd be 89. Maybe. Or in the ground. Since mtg's amortize much more quickly in the end years, it may not be the deal that it seems.

Plus, if I were younger and working, I could make up for investment shortfall with more work/income. Retired? I'd either have to return to some form of work or eat into my cash for living, or reserves.

So I'm thinking I agree with Vince in part-its a younger man's bargain. And I can afford the peace of mind, even if its a luxury.

Seems like you've already made your decision, and I think it's the right one. At 59, debt free, no risk, money in the bank......you're in a pretty good spot in life and can just kick back and enjoy retirement.