mortgage / retirement

Should you retire with a mortgage?

More and more Americans are retiring with a mortgage. With low interest rates many financial advisers suggest it is better to have a mortgage and keep other funds invested. Some people delight in getting a tax deduction for mortgage interest. However, too many taxpayers who do not prepare their own taxes do not understand how little, if any, tax break they get on mortgage interest deduction. Before you make a decision, read what Nicholas Hopwood, president of Peak Wealth Management has to say about weighing the options: http://www.cnbc.com/2017/01/26/should-you-retire-with-a-mortgage-or-pay-it-off.html

Source: Financial Planning for Women