Is Paying Off Your Mortgage Before Retirement a Good Idea?

Is Paying Off Your Mortgage Before Retirement a Good Idea?

In a recent conversation with a long-term client, Rush Griffith, a Schwab financial planner in Dallas, discussed a decision she was grappling with: paying off her mortgage or keeping her money in the stock market. Rather than watch her investments weather the ups and downs of the market, the soon-to-be retired sold a significant portion of her stocks and paid off her roughly $135,000 mortgage.

Leave a Reply

Your email address will not be published. Required fields are marked *