When You SHOULD and SHOULDN'T Pay Off Your Mortgage You Can Retire Sooner Than You Think

When You SHOULD and SHOULDN'T Pay Off Your Mortgage You Can Retire Sooner Than You Think. Pay Off the House or Contribute to a 401k?

When You SHOULD and SHOULDN'T Pay Off Your Mortgage You Can Retire Sooner Than You Think video duration 8 Minute(s) 13 Second(s), published by Wes Moss Money Matters on 03 08 2017 - 16:50:18.

This is a gigantic financial question most people face as they move towards retirement
Should you go ahead and pay off your mortgage and be debt-free, There are so many financial decisions to make in the years before retirement
One of the most important of these questions is whether to focus on paying off your .

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This is a gigantic financial question most people face as they move towards retirement. Should you go ahead and pay off your mortgage and be debt-free, or does it make sense to hold on to your mortgage since interest rates are so low?

Financial planners are split. Some money pros think you are better off investing your surplus money rather than using it to payoff/paying down your mortgage. The reason: they believe you will get a larger net return by continuing to pay interest on your house while earning a higher return in the stock market. For example, instead of using $100,000 to pay off a 4% mortgage, these experts suggest, you should instead invest it in the market where you could see a return of, say, 8%. The result: a net 4% gain ($4,000).

Here are two reasons you should pay off your mortgage and one reason you should not.

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