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Paying off a mortgage before retirement

There are those who can sleep better at night knowing that their house is fully paid for. There's nothing wrong with removing a debt when one has excess funds. But sometimes we forget that the interest one pays on a mortgage remains one of the few forms of interest we can deduct from our taxes (actually, it's a reduction of income that results in a lower tax obligation). In these days when one can borrow for as little as 3%, it may not make sense to pay off low interest, tax deductible debt quickly. Those funds, if not needed in the near-term, can be invested for greater long-term gains. There's a lot to consider. What you may ask? Look here: mortgage


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