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Or should I leave my nest egg intact where it’s earning interest and let my mortgage continue to provide me with a tax deduction?
If you decide to keep your mortgage in retirement, you won’t be alone.
Having been developed in collaboration with several international universities, it’s got a lot of weight behind it.
You can also stop the test any time you want and continue at a later.
In 2004, 32 percent of households headed by someone age 65 to 74 were carrying home mortgage debt, and nearly 20 percent of households headed by those 75 and older had a mortgage, according to the triennial Federal Reserve Survey of Consumer Finances conducted in 2004.