The Complete Retirement Planner Blog

Should You Pay Off Your Mortgage Before Retirement?

Paying off your mortgage before retirement has long been considered a smart financial move. But is it always?The long standing rule of thumb is that you want to reduce expenses as much as possible before retirement so that it takes less money to live on. In theory, this will help your savings to last as long as possible. But if your mortgage does not reach the end of its term by the time you retire you have a decision to make. Either you pay off the balance using your savings, or you continue to maintain the mortgage. Since a mortgage...

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