Let's say you took out $100,000 at 4% net (after mortgage deduction) and invested it in a safe liquid IUL program at 8% tax free. In 10 years. you'd have 200,000. If you wanted, you could pay off your house and still have the $100,000 with no tax burden.
Paying off your house is a false economy. There is no rate of return on equity. You can lose a lot of money with downturns. You can't always take it out when you need it (banks only loan money to people who don't need it-Bob Hope) and you have lost your largest tax deduction.
Best wishes!
In your dreams.
“Paying off your house is a false economy”
Maybe so, but having no house payment to worry about every month is fine by me!
As long as I can cough up the property tax every December, we’ll be alright.
I ain’t looking to get rich...just survive these next 4 years.