Evaluating your financial portfolio and retirement strategy is the key to determining if you should pay off your mortgage entirely or keep making payments on it after you retire. Here are eight questions to consider before deciding what to do.
Deciding whether or not you should pay off your mortgage in retirement is not a simple decision. As with all major financial decisions, it’s best to consult with an independent financial advisor to ensure you’re best utilizing your assets.
This article is intended for general informational and educational purposes only, and should not be construed as financial or tax advice. For more information about whether a reverse mortgage may be right for you, you should consult an independent financial advisor. For tax advice, please consult a tax professional.
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