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one of the questions i receive all the time is when i sit down with a family and theyamp;#39;re about to retire and they have maybe five years left seven years left before their mortgage is paid off and they ask me troy should i take money out of my retirement account to pay off my mortgage because i donamp;#39;t want to have any debt is that a good thing to do hi iamp;#39;m troy sharp ceo of oak harvest financial group certified financial planner professional and host to the retirement income show all right so letamp;#39;s look at a real world example from a mortgage calculator that i ran before we did this video weamp;#39;re just gonna assume a three hundred thousand dollar mortgage at a five and a half percent interest rate which is a payment of about seventeen hundred and three dollars per month twenty thousand per year taxes of five hundred dollars per month or six thousand per year and home insurance of about a hundred a month or twelve hundred per year so the total