Date: Thu, 11 Nov 2004 13:59:31 CST
From: dave_and_darla@Juno.com (Dave Dodson)
Newsgroups: misc.invest.financial-plan
Subject: Re: Mortgage payoff for retirement or not?
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	245duMgFA3TgkLw0edeQ/4aet5Vc0vknUNuw2vyjR1mnhHPforkXHA==
	=/n1h

franksplace2@email.com (FranksPlace2) wrote in message news:...
> Dave,
> 
> I don't see where you are accounting for the incremental earnings
> associated with an extra $200k in your portfolio.

In situation 1, I have a $1,000,000 portfolio, from which I am taking
a 4% distribution, or $40,000. That shows up on the income line.

In situation 2, I have a $1,200,000 portfolio, from which I again am
taking a 4% distribution, or $48,000.

That's where the incremental earnings associated with the extra
$200,000 shows up.

Dave