Henry Grand paid off his mortgage on a Monday and retired that Tuesday. True story—I’m not making this up. If you want tips on how to be happy in retirement, Henry’s your man.
I’ve worked with Henry for a long time now, so we know each other pretty well. He worked for 40 years, and his wife, the lovely Ava Grand, worked for 25, starting as soon as the last of the kids got off the parent dole. Henry made between $80,000 and $120,000 per year—not a “1 percenter,” but he did fine.
He had the opportunity to take a retirement package when he was 64, but it required making five extra installments in order to pay off his mortgage concurrently. What was our advice?
Do it, Henry! ...