Real Estate

How to decide whether to pay off that debt

0


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. 

More from Personal Finance:
How to tap your home for cash as home values rise
Why inflation is both good and bad for your wallet
Here’s how to snag the best Amazon Prime Day deals

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



Source cnbc.com

Apple hires BMW veteran in latest sign of electric car push

Previous article

Stock futures flat after S&P 500 hits new high, despite rising inflation

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Real Estate