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Re: Scary article on retirement planning.



> A paid off mortgage is good
> security against the many economic risks that are out there.  You can live
> very cheaply if need be when you don't have to pay the mortgage/rent.  You
> won't have a paid off mortgage ever is you rent all of the time.

You don't have a completely free ticket with a paid mortgage, though... you
still have taxes and insurance.  Maintenance and upkeep needs to be
considered too... once a mortgage is paid off, it is still crucial to invest
in keeping the house fixed up and even 'up to date'; otherwise, it may start
to depreciate which could lead to an ugly situation when the time comes to
sell.





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