Similar Stories to Paying Off The Mortgage Before Retiring: Usually A Good Idea on Bing News

Most people would be better off not having mortgages in retirement. Relatively few will get any tax benefit from this debt, and the payments can get more difficult to manage on fixed incomes.

Topics:  mortgage   
BING NEWS:
  • Mortgage rates dip below 7%. ‘Expect them to modestly decline over the remainder of 2024,’ Freddie Mac says.
    Mortgage rates dipped below 7% in the latest week as the U.S. economy showed signs of slowing. The 30-year fixed-rate mortgage averaged 6.99% as of June 6, according to data released by Freddie Mac ...
    06/6/2024 - 5:01 am | View Link
  • ‘We’re on good terms’: My wife and I are getting divorced, but want to keep our 3% mortgage rate. What could go wrong?
    Given that she’s not planning to buy a house, it should not impact her by keeping her on the loans and the deed.” ...
    05/31/2024 - 10:24 pm | View Link
  • ASK THE MONEY LADY: My husband died. I filed a mortgage protection insurance claim. ‘I was shocked’ when it only covered the balance
    In the event of a tragedy, you want to have peace of mind knowing your family is protected, writes Money Lady Christine Ibbotson, who explains the key differences between mortgage protection and term ...
    05/26/2024 - 10:00 pm | View Link
  • Retirement Savings: 8 Expenses Retirees Can’t Afford To Fall Behind On
    Retirement is often seen as the reward for a lifetime of hard work or even a satisfying finish line to whichever career path you went down. It should be spent relaxing, traveling and spoiling ...
    05/26/2024 - 6:00 am | View Link
  • 8 Myths About Debt That Boomers Must Stop Believing Before They Retire
    Things Boomers Should Always Buy in Retirement Check Out: 4 Genius Things All Wealthy People Do With Their Money Much of this comes from misconceptions about debt and retirement savings. Some of it ...
    05/26/2024 - 3:04 am | View Link
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