Ep 62: To Pay Off or Not to Pay Off -That is the Question

In this episode of Five-Minute Finance, Larry Mengerink, CFP®, discusses whether or not retirees should pay off their mortgages. He explores the pros and cons of paying off a mortgage early, including the potential benefits of investing that money instead, the value of the mortgage interest tax deduction, and the impact on monthly expenses. Larry also discusses the sentimental value of a home and how paying off the mortgage can help make it part of your legacy. Tune in for a quick and informative discussion on this important retirement question.