Articles

Budgeting and Financial Planning

Should You Pay Off Your Mortgage Before You Retire?

Rodney Brooks
|
September 18, 2023

Some 44% of homeowners ages 60 to 70 carry a mortgage with them into retirement, according to mortgage banker American Financing.

Is that a smart financial move? The decision of whether to pay off your mortgage before retirement should hinge on how much you've saved for retirement, your cash flow and how your investment accounts are performing.

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