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To: CSM
“if your home were paid off, would you take out a mortgage to invest that money in stocks?”

Exactly!

9 posted on 06/27/2007 6:40:55 AM PDT by BenLurkin
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To: BenLurkin

By putting all of my effort towards becoming debt free, I will have a paid off house and will be able to heavily invest towards retirement. I estimated the difference between that plan and doing the normal 15% retirement savings and normal monthly mortgage payment.

The final difference between the two is approximately $33K less in a retirement fund, but a savings of $75K in mortgage interest. I think that $33K buying security for me in my retirement years is well worth the investment.


13 posted on 06/27/2007 6:53:22 AM PDT by CSM ("The rioting arsonists are the same folks who scream about global warming." LibFreeOrDie 5/7/07)
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