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Straight talk from the money editor
Should you pay off your mortgage before you retire? That question elicits many answers. Savvy financial folks say if you can swing it, do it, so you will not have to make taxable withdrawals from retirement accounts to pay the mortgage. Others say don't pay it off early because you are not using the inflation-hedging ability offered by a fixed-rate mortgage, where the bank assumes all of the risk. Personally, I don't like to combine the terms debt and retirement. So, while there are some very smart financial experts who will tell you otherwise, I will find every way possible to have a mortgage-burning party before I call it a career. Just the thought of retiring without a mortgage will reduce my stress and offer me peace of mind. For more cool stuff like this, please follow me on Twitter @jimpavia. |
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Pros, cons of paying off a mortgage before retirement
Should retirees pay off a mortgage? The strategy depends on one's tax situation, asset and income levels, and attitudes toward debt and investment. |
This is what causes financial stress
Many Americans say they have expenses that exceed their income, causing them a significant amount of financial stress. |
Many impact investors lack a clear strategy
It is important in sustainable and responsible investing, or SRI, to evaluate different methods, set measurable goals and build a strategy. |
Investment management trends poised to benefit investors
Technological innovations and growing social pressure to be more responsive to client needs are pushing financial advisors in a more ethical direction. |
Senate's health-care bill to boost health savings accounts
These accounts offer triple tax advantages and could help you cover medical expenses in retirement if you use them as investments. Here's how they work. |
TAKE OUR POLL: What is a "junk bond," exactly?
A bond that's dropped in value, or has defaulted, isn't regulated or is rated below investment grade. Which of these answers best describes a "junk bond?" |
How to switch careers and still reach your retirement goals
Changing to a new career may lead to lower pay initially, but can boost your prospects over time. Here's how to make the move work for your retirement. |
4 ways you're losing money at work
You could be leaving money on the table, from not knowing your worth to leaving vacation days unused. |
Opposite Day
"Unless the bulk of these millennials are on the verge of buying their first home (doubtful), they should have no more than a few months' salary in cash ... " |
 | Sharon Epperson | |  | Josh Brown | |
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