[masraum]

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.

That's my thought too. At 59, it seems like it's better to have a bird in the hand vs 2 in the bush. If you've got $10mill stashed in the bank and you're living comfortably off of the interest from that, then it still may not be a big deal. If you've still got money in equities, then a crash could be a pain for a few years until the market bounces back. I think it would be nice to have more paid off and fewer/lower bills.