Quote:
Originally Posted by Ray
Pay off the house and place the rest in an investment account.
After paying off the house, I could put more in my 401K.
I am too close to retirement to put into anything long term.
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Ray I meet with a stock broker / Lawyer of one of my buddies...This guy is big time... He told me never pay your house off if your working or can afford it............Reason #1 Only thing you got is your house.......He said with the way people sue these days.....A paid off house will get taken....if the case is right..... He won cases where a house was paid off and got the deed!!!! Or if you pay it off.....take a 2nd mortgage out on it for 10,000 on it and run it 20 years...
They cant take a house that mortgaged......YET...Obama might change that