I’m 66. My mortgage is $250K and the rate is 3.4%. Would it be foolish to pay it off from my $770K investments?

Core Insights - The individual is considering whether to pay off a mortgage of $250,000 at a 3.37% interest rate or keep the funds invested in the stock market, where potential returns could significantly exceed mortgage interest savings [3][5]. Financial Analysis - The current mortgage balance is $250,000 on a home valued at $750,000, with no other debts and retirement savings totaling $770,000 [1][2]. - If the $250,000 were invested in the stock market, it could yield approximately $967,000 over 20 years at a 7% annual return, or about $1.68 million at a 10% return [3][5]. - Paying off the mortgage would save approximately $142,000 in interest over the next 20 years, but the opportunity cost of not investing could exceed $1 million in potential returns [4][5]. Decision Factors - The decision to pay off the mortgage may be influenced by personal peace of mind versus financial considerations, highlighting the importance of individual priorities in retirement planning [4][6]. - Consideration of future expenses, income needs, and lifestyle choices is essential in determining the best financial strategy for retirement [6].