Ask Paula: Traditional IRA vs. Roth IRA -- What Should I Choose?
Afford Anything
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Creating a Greater Income Stream
I think for me, part of the motivation is that I don't just have one mortgage. And there comes a point where here's tired of having so many and you want to reduce the number of mortgages you hold. Also, because I'm paying off the mortgage on an income producing property, the wiping out of that mortgage will lead to higher cash flow from that property. There it is. It does create a greater income stream. But in the context of the reduced risk and also the greater simplicity in my life, I'm happy taking that smaller quote unquote dividend, so to speak.
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