Episode 72: Debbie from Park Ridge asks: “Should I Pay Off My Mortgage Before I Retire?”

Debbie from Park Ridge is getting close to retirement and wondering whether she should use some of her savings to pay off the remaining balance on her mortgage.    On the surface, being debt-free sounds great—but the decision isn’t always that simple.    Scott breaks down the pros and cons of paying off a mortgage before retirement, including how interest rates, taxes, liquidity, and investment returns factor into the equation.    He also explains why some retirees sleep better without a payment, while others are better off keeping their money invested.   Get on Scott’s phone calendar, for free, at TuckerRetirement.com.    Watch this podcast episode at TuckerYouTube.com.