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View Diary: Study: Shift from pensions to 401(K)s increasing inequality (48 comments)

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    •  That depends somewhat on your... (0+ / 0-)

      ...tax bracket and age given the mortgage deduction for income tax purposes and the compounding impact of deferred taxation of gains (capital, dividends, and interest) in an IRA or 401(k).

      As well, if you can lock in a low rate fixed 30 year mortgage and don't expect to move for a long time, it can be a very smart move to NOT pay off your mortgage and instead put that money into a tax deferred investment account where you can gain some benefit from rising interest rates.

      There are few easy answers or simple rules that apply to all situations.

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