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Do this when you are young, too. Doing this when you're older, say 50+, can still work, it's just harder. Unless I pay my mortgage off early, before I qualify f
by 5555624 9y ago
Do this when you are young, too. Doing this when you're older, say 50+, can still work, it's just harder. Unless I pay my mortgage off early, before I qualify for Social Security, I'll still be paying it. On the other hand, it's less than $800/month, so I am not too worried.
- loeg 9y agoA mortgage is a sort of reverse bond. Ideally, you pay it off aggressively shortly before you plan to retire. This whole blog series is great, and I'd recommend it, but this particular post is the one responsive to the mortgage and retirement part: https://earlyretirementnow.com/2017/10/11/the-ultimate-guide-to-safe-withdrawal-rates-part-21-mortgage-in-retirement/ https://earlyretirementnow.com/2017/10/11/the-ultimate-guide...
- toomuchtodo 9y agoI paid my mortgage off in my late 20s as a hedge against future unemployment.