One of the most popular questions I get from retirees is, “Should I pay off my mortgage?” Easy enough question without, unfortunately, an easy answer. The concept make sense, pay down the largest monthly bill that you have, your mortgage, and this will eliminate the need for large monthly distributions from your retirement accounts. Unfortunately, taking a large distribution from your retirement accounts to pay … Continue reading The Best Way to Pay Off Your Mortgage in Retirement
I’ve been there before. Barely making ends meet and just trying to build up an emergency fund so that I could stop going further into debt. Trying to decide if I should raise my 401(k) contributions, pay off debt more quickly, or start a Roth IRA. Then I would need to get my tires changed or my furnace fixed and the credit card debt just … Continue reading I’ve Maxed Out My 401(k), Now What?