Should You Pay Off Your Mortgage Before Retirement?

Should You Pay Off Your Mortgage Before Retirement?
In this episode of Berry's Bites, join attorney and financial adviser Chris Berry as he tackles the common question: "Should I pay off my mortgage before retirement?" Chris shares valuable insights on how interest rates play a critical role in this decision. If your mortgage rate is under 4%, keeping it may be advantageous, while a rate above 4% might suggest it's time to pay it off.
Delving into both the numbers and the psychology of debt, Chris emphasizes the importance of individual circumstances and peace of mind. He illustrates his points with real-life examples, including clients grappling with mortgage decisions and the implications of high-interest loans.
Discover how understanding the balance between investment opportunities and personal comfort can guide you in making the right choice for your retirement strategy. Tune in to learn more about managing your mortgage effectively as you approach retirement!
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Certified Elder Law Attorney™ and Certified Financial Planner™
Castle Wealth Group - Helping Good Families Plan, Protect and Preserve What is Important
(844)-885-4200 | CastleWealthGroup.com | MichiganEstatePlanning.com
Plans that span far and wide.
Advisory services are offered through Castle Wealth Group Investments, an Investment Advisor in Michigan. Insurance products and services are offered through Castle Wealth Group, an affiliated company. All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Nor is it intended to be a projection of current or future performance or an indication of future results. Purchases are subject to suitability. This requires a review of an investor’s objective, risk tolerance, and time horizons. Investing always involves risk and possible loss of capital. Insurance products and services are offered through Castle Wealth Group, an affiliated company.
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[@CastleWealthGroupLegal]

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[@AaronHughes-h8n]

Excellent point. Keep it up!

[@PeteCorgan]

Very well explained. Thanks

[@christopherberry3274]

Thanks!