Should Retirees Pay Off Their Mortgage? A Balanced Decision
The age-old advice to pay off your mortgage before retirement is getting a modern makeover. No longer a universal rule, the decision to clear your home loan as you enter your golden years hinges on a mix of financial calculations and personal priorities. From comparing mortgage rates to investment returns to weighing the emotional relief of being debt-free, this choice shapes your retirement’s financial freedom. In this guide, we’ll unpack the factors that influence whether to keep or pay off your mortgage, helping retirees and