Deciding on Whether to Prioritize Mortgage Payment Over Retirement Savings

Saturday, 1 June 2024, 10:21
In this post, a 57-year-old individual with $630,000 in retirement savings contemplates paying off a 3.75% mortgage before retiring. The individual highlights the minimal interest earned on their savings as a concern.
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Deciding on Whether to Prioritize Mortgage Payment Over Retirement Savings

Retirement Planning Dilemma

A 57-year-old individual with $630,000 in retirement savings is evaluating whether to pay off their 3.75% mortgage before retiring.

Concerns About Low Returns

The individual expresses discontent about the meager interest earned on their savings.

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