Reduce Mortgage or Add to Your 401(k) Near Retirement?
Increasingly, many Americans nearing the end of their work life find they have a large mortgage and must choose between paying off the mortgage or contributing more funds to their 401(k) plan. A large number of financial advisors advise their clients to increase 401(k) contributions rather than pay off their mortgage. http://www.forbes.com/sites/nancyanderson/2014/01/03/7-reasons-not-to-pay-off-your-mortgage-before-you-retire/ http://www.kiplinger.com/article/real-estate/T040-C000-S002-should-you-pay-off-your-mortgage-before-you-retire.html http://www.washingtonpost.com/news/get-there/wp/2015/03/26/the-case-for-not-paying-off-your-mortgage-by-retirement/ http://www.foxbusiness.com/personal-finance/2014/06/18/maybe-shouldnt-pay-off-your-mortgage-before-retirement/ … Continue reading Reduce Mortgage or Add to Your 401(k) Near Retirement?
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