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You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. Al is in Fort Smith, Arkansas.

Thank you so much for taking my call.

Sure.

And just to let you know I am a long, long time listener and this is my first time ever to call.

Well, we're honored.

How can we help you today, sure?

I'm honored too.

So, okay, so question is, this is about paying off mortgage versus leaving the money in investment.

The mortgage is about 188,000 at a 3.375 interest, we owe 26 more years on it, and I am 65 years.

Well, I'll be 65 in May.

The investments are roughly 600,000 making about anywhere

from say six to eight percent a whole bunch of mutual funds based on what you told me over the years.

So that's my question really is do I go ahead and pay off the mortgage, which would then bring

the investments down after paying taxes in the

range of say 360.

What do you say?

About 400, yeah.

Well the way I do these things is I reverse engineer it and then I see how

that feels. Let's pretend that you had a debt-free house and $400,000 in investments.

Okay.

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