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Paying off your mortgage not always a good choice
Sure, a debt free retirement is a wonderful thing, but using your retirement savings to achieve it may not be the best choice you can make. After all, with Social Security supplying only about 40% of a typical retirees financial needs and Medicare only covering about half of the average retiree’s medical expenses, you may find that savings could be best spent securing a comfortable retirement for yourself. In this article by Liz Weston appearing in the Los Angeles Times business section, she explains that even if you have the cash to do it, paying off your mortgage should take a back seat to making sure you have enough retirement cash on hand. Click here to read more.
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