Episode 12. Should I Pay Off My Mortgage in Retirement?
Paying down your mortgage as you approach or reach retirement may provide peace of mind and financial benefits. Or, it could potentially cost you tens of thousands of dollars if you accelerate the payments. What is the best approach of carrying a mortgage in retirement for your situation?
In this episode, Steve and Mel discuss the following:
- The pros and cons of paying down your mortgage in retirement.
- Using debt to help with tax minimization strategies.
- The potential role of a Home Equity Line in retirement.
- Why scenario analysis with financial modeling is critical to help you make important decisions.
- And more!
Visit our Blog at Oasis Wealth: Episode 12
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