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UPS Retirement Topics
Ask A Retired Person, Retirement FAQ. ( ON TOPIC )
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<blockquote data-quote="olroadbeech" data-source="post: 3579694" data-attributes="member: 52145"><p>I respectfully disagree.</p><p></p><p>Dave Ramsey , the best selling author and radio financial personality made a good point when he asked a caller this question.</p><p></p><p>( from my best memory ) "So you would rather pay $12,000 in interest on your mortgage payment to save $3000 in taxes? That does not make sense."</p><p></p><p>do some of your own homework on this question. I would rather pay a couple more bucks in taxes than pay the thousands in extra interest on a mortgage loan. With our home paid off and our retirement income being so much less than when i was working , our taxes are very low anyway.</p><p></p><p>plus, I was able to retire about 5 years early because of no mortgage payment. We saved over $130,000 in interest by paying off our home in 17 years rather than 30 years.</p><p></p><p>too us , that piece of mind is priceless.</p></blockquote><p></p>
[QUOTE="olroadbeech, post: 3579694, member: 52145"] I respectfully disagree. Dave Ramsey , the best selling author and radio financial personality made a good point when he asked a caller this question. ( from my best memory ) "So you would rather pay $12,000 in interest on your mortgage payment to save $3000 in taxes? That does not make sense." do some of your own homework on this question. I would rather pay a couple more bucks in taxes than pay the thousands in extra interest on a mortgage loan. With our home paid off and our retirement income being so much less than when i was working , our taxes are very low anyway. plus, I was able to retire about 5 years early because of no mortgage payment. We saved over $130,000 in interest by paying off our home in 17 years rather than 30 years. too us , that piece of mind is priceless. [/QUOTE]
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