Maybe You Shouldn’t Pay Off Your Mortgage Before Retirement

18 Jun

FOX Business – Donna Fuscaldo

Traditionally, financial planners have recommended paying off a home before retirement. But some experts say it can make financial sense to enter your golden years with a mortgage.

“The biggest thing from an analytical perspective is taking a look at what the mortgage is costing you after taxes,” says Jay Messing, senior director of planning at Wells Fargo Private Bank. “If you are able to earn a higher after-tax return on your investments than the mortgage is costing after taxes, then economically, you should keep the mortgage.”

>> Read More: http://www.foxbusiness.com/personal-finance/2014/06/18/maybe-shouldnt-pay-off-your-mortgage-before-retirement/

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One Response to “Maybe You Shouldn’t Pay Off Your Mortgage Before Retirement”

  1. Paul Pouliot June 20, 2014 at 11:15 am #

    Reblogged this on Paul Pouliot Master CMB and commented:
    Thought provoking! Maybe we should take note of the comments

    Like

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