So many questions arise when approaching retirement age. “Should I sell my large family home and buy a smaller home?” “Should I change my spending habits now to prepare for a lesser income?” “Should I pay down my mortgage only to deplete my savings?”
Let’s focus on your mortgage. Which is better?: To retire without a mortgage or keep the mortgage and retire with a bigger nest egg?
More Americans approaching retirement face what some describe as worrisome levels of debt, especially mortgage and credit card debt.