That’s been one reason why we poured money into being debt free. Pay off the mortgage, and the rate of return equals the interest rate on the mortgage. Pay off all other debt, and you need less money to live on later.
Debt Free! It is quite amazing how comfortable one can live on a relatively low amount of monthly cash when they retire if they aren’t having to service huge debts.
Having met that goal at age 59 has allowed my wife and I to enjoy life here in our non working years in a very comfortable manner.
Best advice anyone could give to young folks looking towards the future.