Paying Off Mortgage vs. Considering Current Circumstances

This chapter explores the decision of whether a retired couple with a million dollar portfolio should pay off their mortgage or consider other factors. It discusses the importance of being debt-free in retirement but also emphasizes the need to analyze specific details such as account types, living expenses, income sources, and mortgage interest rates. The chapter concludes with a discussion on the difference between getting debt-free to become wealthy and making decisions based on present financial circumstances to stay wealthy, highlighting the importance of responsible debt utilization.