[mylife]

Why does Mr Rutschmann have a heavy mortgage at age 60?
How can you expect to carry on a large lifestyle like that in retirement?

Down size and move someplace inexpensive, you can enjoy yourself and do all the things you wanted to do while still being comfortable.

[Old North State]

Why does Mr Rutschmann have a heavy mortgage at age 60?...

I think a lot of people got sold on the idea that a primary residence was just another financial investment; that a big house was a liquid asset you could live in. It didn’t work out that way and now they are stuck.

[andyk]

Why does Mr Rutschmann have a heavy mortgage at age 60?

Clearly his 401(k)'s fault. ;)

[Magic Fingers]

“Down size and move someplace inexpensive, you can enjoy yourself and do all the things you wanted to do while still being comfortable.”

Good idea if your house is paid off. If not, many would be looking at taking it in the teeth given the current real estate market.