Should You Payoff Your Mortgage in Retirement? Yes and No.

Should I pay off my mortgage before or during retirement? …..It depends...

First do you have other debt such as credit cards, cars, etc.,  these age generally to a higher rate and you should concentrate at paying these off first.  Now lets look at the reasons why or why not you should payoff your mortgage during retirement.

It is helpful to sit down with an advisor to review all your options and determine what would be more beneficial for you to help you reach your retirement goals.  Please call us at 302-251-8901 if you need assistance in determining what would be your best option.