The New Retirement: Why You Don’t Have to Pay Off Your Mortgage

 

Low interest rates have changed the game for retirees—but not always in a bad way.
Consider your mortgage. With rates having fallen so far, there may no longer be a pressing need to own your house outright before you call it quits at the office.
This may be of little comfort to millions of savers trying to eke by each month on income from bank deposits paying below 1%. But today’a low rates are a boon to those saddled with a mortgage payment at a time in life when carrying large debts has long been ill-advised.

http://business.time.com/2013/05/28/the-new-retirement-why-you-dont-have-to-pay-off-your-mortgage/#ixzz2WWKJ2TUA

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