Real Estate

How to decide whether to pay off that debt


When it comes to whether retirees should pay off their mortgage in retirement, there typically is no clear-cut answer.

That’s because like most things about planning for (and in) your post-working years, the decision depends on your specific situation.

Obviously, a couple of benefits come with paying off a mortgage: Your monthly obligations drop, which can provide more wiggle room in your cash flow. 

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Yet depending on your tax situation and your available remaining assets — as well as where the pay-off money would…


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