Quote:
Originally Posted by island911
Pay off a home mortgage?
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We have a winner.
Yep. Big day at the MRM house. We couldn't use the mortgage tax deduction anyway, so any interest we save is like getting a tax free return on investment. On a cash flow basis it makes financial sense for us, and considering that I own my own firm, we really wanted the security. It feels good.
Yes, I agree that we're likely to see double digit interest rates in a few years. I'm planning to use the money we save to buy 30 year treasury bonds when they hit about 10%, which I suspect is inevitable. I remember through about 1990 when the 30 year bond rate was about 9%. There have been many days since then that I wished I had a few of those babies in my retirement account.