In a recent conversation with a long-term client, Rush Griffith, a Schwab financial planner in Dallas, discussed a decision she was grappling with: paying off her mortgage or keeping her money in ...

Is that a smart financial move? The decision of whether to pay off your mortgage before retirement should hinge on how much you've saved for retirement, your cash flow and how your investment ...

But tapping your IRA before you retire is ... In sum: there are two sides to retirement planning -- accumulate wealth and reduce spending. Paying off your mortgage is preparing for less income ...

For people who may have purchased a home more than a decade ago where they locked in a low interest rate, around 2% to 3%, they may not need to pay off a mortgage before retirement, Hewitt said ...

After all, if your retirement expenses are less because there are no more mortgage payments ... If you can’t pay your house off before you retire, and if there’s a good-sized balance (or ...

“I think it’s critical to pay off your mortgage before retirement,” continued McNabb. “I’ve always believed in the peace of mind that comes with owning your home outright.” He even ...

“Clearing auto loans before retirement reduces monthly outflows ... Most advisors and experts advise (you) to pay your home mortgage off before you retire. This is ideal, of course.

Once you pay off your existing mortgage, you will no longer have to make any monthly repayments, freeing space in your budget for the things that matter most to you. Retirement should be a stress ...

"All of these strategies will help you become a super saver," she said. Paying off your mortgage before retirement reduces financial stress and allows more of your income to go toward your nest egg.