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Investopedia: Should Retirees Still Have Mortgages?
A retiree paying 4% interest on his mortgage is ill-advised to pay it off by liquidating an investment account that provides returns of 10%. It is better to keep both accounts as they are and enjoy the 6% spread, which is tantamount to profit for the retiree.
I have prepared a comprehensive list of all safe investments guaranteed to yield 10% returns well into the distant future and am providing it at absolutely no cost to you. Enjoy!
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Invest accordingly!
Schedule for Week of December 22, 2024
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Happy Holidays and Merry Christmas!
The key economic report this week is November New Home Sales.
*----- Monday, December 23rd -----*
8:30 AM: *Chicago Fe...
4 hours ago
6 comments:
Oh, come on... You are too worried about risk. A well diversified portfolio of stocks is almost guaranteed to be nearly risk free.
And, if you factor in Optimism... well, the risk completely disappears.
Anonymous,
And if we also factor in hope, the risk actually goes negative!
Hopium for the win! ;)
Mark,
What is your take on the direction of housing and rent prices?
Michael,
On the one hand, both seem fairly elevated right now.
On the other hand, my mailbox is not being flooded with insane refinance offers like it was during the peak of the housing bubble.
I guess it depends on what the overall economy does from here. When will the next recession hit and how severe will it be? As you can guess, I'm not generally optimistic on that.
I cringe every time I hear that everyone needs a place to live. There's at least one guy at the gym near me who lives in his car. Sigh.
Mark,
I am not too optimistic about the future either. I think the inflation in housing, heathcare, and education are a travesty. The government announced today there will no COLA increase for sensiors on social security due to low inflation.
michael,
Yeah, like many other retirees, the CPI hasn't been working in my favor lately. Higher property taxes and cheaper gasoline doesn't fo much for me, considering that I drive so little. Sigh.
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