Date: Thu, 25 Aug 2005 03:08:03 CST
From: "bo peep" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Mortgage payments after retirement question
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For simplicity, I'm assuming an average return of 4% on the 401k and
IRA vs 6% going out on the mortgage.

The deductibility of the mortgage interest is not a big factor. Last
year I paid $5,366 in mortgage interest and it was my only large
deduction, and that amount will get steadily smaller in future years.
And the actual saving is only the tax not paid on the *difference*
between my total deductions and the standard deduction, and I'm already
only a few thousands per year away from not being able to itemize at
all.