Tag Archives mortgage

3 Bills to Pay off Before You Retire

It’s one year till retirement, and the clock is ticking. Sure, you knew better than to pay for junior’s $30,000-a-year college tuition, but you did it anyway because he’s a good kid, and, as parents, we want to give them a head start, right? Now, the looming mortgage balance and the credit card debt (that vacation to ...

5 Things to Consider Before Buying a Home in Retirement

Downsizing to a less expensive home during retirement can improve your finances. But you should thoughtfully crunch the numbers, including moving costs, fees and taxes, before deciding if a smaller home will help you come out ahead. Here are five things to consider before moving in retirement: 1. How will a monthly mortgage payment affect your ...

Is It Better To Buy Or Rent In Retirement?

Nationwide, it usually makes more financial sense to buy a home than rent. But it's a little more complicated for those in their golden years. Retirees also need to decide whether they want to leave an inheritance behind -- a key factor in the rent vs. buy decision. If a retiree does not plan to pass the ...

6 Things to Consider Before Paying Off a Mortgage Early

Living debt-free sounds great, and depending on where you are in life it may actually be attainable. But even if you can pay off your mortgage early, should you? Although it may be tempting, first consider the opportunity cost of paying off your mortgage early at the expense of other goals or investment options, as well ...