re: Do you plan to have a mortgage on your primary home for part/all of your retirement?

I had financial goals for myself when I turned 30 and 40, and I hit those goals a few years early. I made a new goal for myself to pay off my house when I turned 50. However, that's more of a peace of mind decision than a wise financial decision (based on your interest rate). Instead, I just wanted to have enough money to pay off the house if I wanted the peace of mind, and I've achieved that at 43. When I turn 70, the mortgage will be done (refinanced at age 40 to get 3% rate).

I see both sides. It provides peace of mind to be debt-free and have fewer monthly expenses in retirement, but at the same time, I can do better than 3% in the market (over time). Yes, one is risk free, but what's life without a little risk?

Yes. I currently have 2 million in equity and a 2.75% mortgage on the difference for the next 27 years. I hope to retire in 12 years.

As a millenial I don’t have to worry about retirement since they’re gonna work us to death

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They can’t outsource the salt mine baw

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Oh hell yes they can. Watch them.

Plan on not having one, personally. Game changer for monthly expenses

I'm probably 25 years off at least from retirement so plan doesnt really matter. We will probably be in 2-3 different homes from now to then. Would it be nice to not have one going into retirement? Sure, but it might also make financial sense to have one too in certain situations.

My parents retired with a house that had been paid off for probably 3-4 years prior to retirement. After being retired for 6 years they decided to move. They got $270k for it but the place they were moving into was $450k. They didnt have the cash to bridge the gap so they would to have to sell a significant amount of pre-tax investment money to get there, creating a huge tax bill at probably somewhere in the 22-24% range on that money sold. So instead they mortgaged like $150k @ 3% on a 10 year mortgage because it just made more financial sense than selling $150k of pre-tax investments and paying a $33k-$36k tax bill on that.

They get to keep the $150k invested for 10 years hopefully doubling over that time. Instead, will pay $24k in interest if all they do is pay every payment on the mortgage as is over the next 10 years...instead of paying a $33k-$36k tax bill up front.