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Retiring Without A Mortgage

For those who may be close to retirement who may be considering dipping into investment accounts or savings in order to pay off their mortgage to be free of this debt once they retire , think carefully before taking this step. According to this New York Times article, many financial advisers are actually recommending that these homeowners continue to invest wisely instead of paying off the mortgage. Since the housing market is still depreciating, it makes little sense to pay off such an asset. Read article.

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