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Rate this stupid financial question from a dumb goy

"Q: I recently retired to a small house I bought 30 yea...
Frank Lloyd Wrong
  06/18/17
tldrtlag (too long, didnt read to laugh at goy)
,.,...,..,.,.,;:,.:,.,.,::,..,..,:,.,.:.:.,:.::,.
  06/18/17
...
and when i started to squeeze the bar brother
  06/18/17
Bought a house at 36 and kept refininancing so it won't be ...
Frank Lloyd Wrong
  06/18/17
only an idiot would pay off a 3.5% mortgage faster than he h...
,.,.,.,..,.,.,:,,:,..,:::,.,,.,:.,,.:.,:.,:.::,.
  06/18/17
(Not TCTP)
Lil Dirte
  06/18/17
don't know the backstory here, but i assume this means i'm n...
,.,.,.,..,.,.,:,,:,..,:::,.,,.,:.,,.:.,:.,:.::,.
  06/18/17
No concept of forward time planning
Refunkulus
  06/18/17
where'd you get this from?
bad rhythms
  06/18/17


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Date: June 18th, 2017 11:13 PM
Author: Frank Lloyd Wrong

"Q: I recently retired to a small house I bought 30 years ago. I refinanced four times to get the rate down from 11 percent to 3.5% percent. This provided me with a low monthly mortgage (just under $450), but my current 30-year loan won't be paid off until I'm 92. I'll be 67 in two months, and just received an inheritance of $400,000 following the death of my parents. My only income is $2,000 a month from Social Security and a monthly pension check of $1,100, although I do have an IRA that should be worth roughly $170,000 by July.

I'm thinking about paying off the $90,000 remaining on my mortgage, which would allow it to be passed on to my sister, nephew (or whomever) without any complicated bank or loan issues. It also would free up that mortgage payment for other household expenses. The house needs some work, such as a new carport, double-pane windows, proper insulation, deck repair and maybe termite work, all of which will probably eat up the better part of $100,000. Is it worth keeping the loan just to maintain the tax deduction or does it makes financial sense to pay it off?"



(http://www.autoadmit.com/thread.php?thread_id=3651700&forum_id=2#33590495)



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Date: June 18th, 2017 11:14 PM
Author: ,.,...,..,.,.,;:,.:,.,.,::,..,..,:,.,.:.:.,:.::,.


tldrtlag

(too long, didnt read to laugh at goy)

(http://www.autoadmit.com/thread.php?thread_id=3651700&forum_id=2#33590499)



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Date: June 18th, 2017 11:14 PM
Author: and when i started to squeeze the bar brother (http://youtu.be/sqLsqHctThU)



(http://www.autoadmit.com/thread.php?thread_id=3651700&forum_id=2#33590502)



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Date: June 18th, 2017 11:15 PM
Author: Frank Lloyd Wrong

Bought a house at 36 and kept refininancing so it won't be paid off until age 92

(http://www.autoadmit.com/thread.php?thread_id=3651700&forum_id=2#33590511)



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Date: June 18th, 2017 11:16 PM
Author: ,.,.,.,..,.,.,:,,:,..,:::,.,,.,:.,,.:.,:.,:.::,.


only an idiot would pay off a 3.5% mortgage faster than he has to.

(http://www.autoadmit.com/thread.php?thread_id=3651700&forum_id=2#33590518)



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Date: June 18th, 2017 11:19 PM
Author: Lil Dirte

(Not TCTP)

(http://www.autoadmit.com/thread.php?thread_id=3651700&forum_id=2#33590542)



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Date: June 18th, 2017 11:20 PM
Author: ,.,.,.,..,.,.,:,,:,..,:::,.,,.,:.,,.:.,:.,:.::,.


don't know the backstory here, but i assume this means i'm not an idiot.

(http://www.autoadmit.com/thread.php?thread_id=3651700&forum_id=2#33590546)



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Date: June 18th, 2017 11:30 PM
Author: Refunkulus (never count out a MUSCLE NUT)

No concept of forward time planning

(http://www.autoadmit.com/thread.php?thread_id=3651700&forum_id=2#33590601)



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Date: June 18th, 2017 11:40 PM
Author: bad rhythms

where'd you get this from?

(http://www.autoadmit.com/thread.php?thread_id=3651700&forum_id=2#33590650)