MildlyEccentric
Recycles dryer sheets
The Washington Post ran an interview with Tom Anderson, the author of the book The Value of Debt in Retirement. In the interview he argues that it can make economic sense to carry debts such as a mortgage into retirement.
As part of the "keep the mortgage" group, I found it a refreshing change from the typical advice seen in media. The danger is in hearing only the part about holding onto the mortgage without implementing the offsetting part of the strategy which is to save/invest the money which would have been used to pay off the mortgage.
As part of the "keep the mortgage" group, I found it a refreshing change from the typical advice seen in media. The danger is in hearing only the part about holding onto the mortgage without implementing the offsetting part of the strategy which is to save/invest the money which would have been used to pay off the mortgage.