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Ecology of Money

Mortgage Debt in Retirement: Not Always a Bad Thing

Prudently applying some rules of leverage from the corporate management world to your retirement portfolio could be rewarding.

One of the fixed memories of my financial upbringing was my dad saying that he couldn't wait to pay off the mortgage on our home.

For the World War II generation, it was accepted wisdom to eventually "burn the (mortgage) note." Sure enough, my father went into retirement debt-free and wouldn't be so encumbered ever again, even paying cash for a second home.