Should You Pay Off Your Mortgage Before Retirement?
Should I pay off my mortgage before I retire, or is it okay to carry a mortgage into retirement?This is a hotly debated question in retirement.The truth is, there isn’t a one-size-fits-all answer. Plenty of retirees live comfortably while still making mortgage payments, while others sleep better knowing their home is fully paid off. What matters most is understanding how your mortgage fits into your overall retirement plan. What A Paid Off Home Looks Like For many, the emotional and psychological benefits of owning their home outright are hard to beat. Making that last mortgage payment is incredibly satisfying. When…
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