Should You Pay Off Your House Before Retirement? – Short

 Many people nearing retirement ask the same question: Should I pay off my house?

After decades of making mortgage payments, the idea of being debt-free can feel very appealing. But paying off the mortgage before retirement is not always a simple decision.

The answer depends on several factors, including your interest rate, your liquidity, your tax situation, and where the payoff money would come from.

That is why Keystone Financial Group looks at this decision through our TRIPP® Process, considering taxes, risk, income, principal preservation, and planning together.

In this video, Dan Lemens and Callee Berry explain why being debt-free is not always the same as being financially prepared, and why it is worth running the numbers before making a major mortgage decision.