Do you know the consequences of paying off your mortgage in today’s interest-rate environment? If not, then this video is for you.
If your starting to live off your investments or are approaching retirement, then you’ll most likely have wondered if it makes sense to pay off your mortgage or keep it in retirement.
While most of us hate being in debt, that doesn’t make it a straightforward question.
The problem lies in the current interest rate environment and the “cost” of holding money in an asset like a home vs. putting it to work to earn money and build wealth.
To help answer this question we’re going to cover when it makes sense to keep it or get rid of it.
As always, we’re on a mission to give you the truth about all things retirement-related in the Tucson area so this is something we’re not afraid to tackle.
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