<prompt> Human: I m 65 and I have a 150K VA mortgage at 3.37537;. I now have the ability to pay it off and retire with a comfortable cash cushion. Considering the current rates of return on cash, it makes sense to me to pay off the mortgage. Anyone have a good reason not to?Assistant: 150K is the balance on a two year old 30 year mortgage. The home is worth 425K. Im have a cabin on the river as a backup in case it all goes to hell and another 300K in cash, retirement income and rental income. Ive been lucky in my life. But as newnamesam pointed out, there is comfort in paying off the mortgage, however ill advised it might be.Im looking at Vanguard income producing funds thinking I want the rest of my life to be simple and as stress free as possible.  <response>: Seems you know what to do then. Mortgage is costing you 3.375, and your preferred method of investing is probably under 3, so youd be better off paying the mortgage off. I would suspect your risk tolerance is a lot less than many of the responses so far assume, if youre talking about income funds. Unless youre willing to assume more risk and potential reward with the 150K, I believe youre correct to end that mortgage.Also, at this early stage in the mortgage, a majority of the payment is interest. Youll gain more equity for your buck paying it off now rather than later because till end up paying so much less in interest if the mortgage goes full term. 