Personal Finance and Investing

I'm 74, will be 75 next month. I stopped working some ten years ago. I have income from Social Security, a small pension, a couple of annuities. It's a modest income, one I can live on. Yes, I do have a mortgage. I honestly get furious at the advice that you absolutely must have your mortgage paid off when you retire. Excuse me, that's not always possible. In my case, my marriage came to an end when I was 59 years old. I relocated to another part of the country, got a job , and managed to have the wherewithal to buy a home. Hooray for me. My mortgage payment is about 25% of my income, exactly what it should be.

Yes, the bulk of my debt is tied up to my mortgage, but that is not my only debt. The important thing is that I can afford my debt, can afford the monthly payments. Lucky me.