Aging in Place vs. Your Mortgage

Mrs. GoTo and I recently paid off the mortgage on our vacation home.  (If you are interested I described the practical steps we followed to complete the mortgage payoff.)  

In this post I want to mention something else about other baby boomer trends that are related.
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Is this a Good Time for Baby Boomers to Downsize?

Many baby boomers have downsizing on their mind.  Mrs. GoTo and I do.  Some of that downsize thinking may have been interrupted by all of the bad news about the stock market and the economy.  But has all of this bad economic news created favorable conditions for downsizing to a smaller, less expensive home? Read more

Striving for a Mortgage-Free Life

If you read much in the area of personal finance you will frequently come across heated debates about the merits of living in a paid-for house as compared to having a mortgage.  Some folks will argue that mortgage money is cheap and that taking into account the tax benefits, it makes more sense to keep the mortgage and use the extra cash to invest.  I get that.  Other folks point to the emotional benefits of being debt-free and actually owning your home free and clear of any mortgage obligations.  I get that too. Read more