I appreciate these tips and discussions. However, there is more than the mathematical aspect of debt to consider: e.g., stress, risks, and costs. As long as there is debt on a home or other asset, the lender controls it ultimately and can take it from you during a period of crisis. Debt-free homes, assets and investments have no risks or expenses related to debt and are yours to keep forever.
I appreciate these tips and discussions. However, there is more than the mathematical aspect of debt to consider: e.g., stress, risks, and costs. As long as there is debt on a home or other asset, the lender controls it ultimately and can take it from you during a period of crisis. Debt-free homes, assets and investments have no risks or expenses related to debt and are yours to keep forever.
I think it's 85% of your social security benefit that would be taxed, not 85% taxation on your social security.