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Financing

Boomers: Time to Pay off that Mortgage?

I am a baby boomer, one of the many Americans approaching their dream retirement age. I am also one of the many baby boomers who has a little panic attack every time I look at my retirement accounts and my exposure to the whims of the stock market.

One of the questions that I often get as a financial planner (and one that I ask myself) is: Should I take money out of my retirement account to pay off the remaining balance on my home’s mortgage?

The answer: It may make you feel good, but it is an expensive decision.

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