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.
Similar Stories to Paying Off The Mortgage Before Retiring: Usually A Good Idea on Bing News
Business stories from Newsday, Long Island Newsday: Business
Fri, 10/19/2018 - 3:00am
Topics: mortgage
BING NEWS:
- Long-term mortgage rates retreat for second straight week, U.S. average at 7.02%
"In this kind of decreasing rate environment ... buyers should make sure they have a pretty robust float down policy," one Long Island expert urged.
05/16/2024 - 1:57 pm | View Link - If I Retire at 50, How Long Would $6 Million Last Me?
If you save up $6 million by age 50, you'll position yourself for a long, comfortable retirement. However, you'll still need to navigate taxes, income calculations and economic forces, all of which ...
05/16/2024 - 10:30 am | View Link - Mortgage rates fall to the lowest level in a month, but ‘home buyers are still feeling the pressure’ from high home prices
The big picture: Mortgage rates are falling as the U.S. economy slows, which is good news for the housing market. Some measures are already reporting that the 30-year mortgage rate is below 7%.
05/16/2024 - 5:02 am | View Link - A New Yorker Took Her $400,000 Budget Up to the Hudson Valley. Here’s What She Found.
After renting for years in Brooklyn and Harlem, Rachel Watts decided to swap shared city apartments for a house of her own in the Beacon area. But how much house could she afford?
05/15/2024 - 6:07 pm | View Link - Can You Retire With $500,000 In Savings And Investments?
Retirement is full of surprises, both good and bad. Many wonder how much is needed in order to retire. We examine here whether or not $500,000 is enough to retire on and what it would entail.
05/15/2024 - 6:59 am | View Link - More
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