Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Mortgages and Debt

Found 9 Articles.

When To Paydown A Mortgage

July 31, 2018

Retirement Watch readers should already know how to analyze the issue, but this article is a good presentation of the issues and how to decide on the best use of your money. The key question to ask when weighing mortgage paydown is what you’d do with that money instead. Can you earn a higher return […]

A Case For Paying Off Your Mortgage

July 26, 2018

This article makes the case that people spend too much money on their mortgages, especially people who live in high-cost areas. It argues that the best way to save for retirement is to first pay off the mortgage and avoid paying all that interest for 30 years. A 15-year mortgage is much better in the […]

Home Equity Loan Or Refinance?

May 1, 2018

Many of you have significant home equity after the price increases of the last few years. If you want to tap that equity for some spending, what’s the best way to do that? Here’s a brief article that explains when it’s better to refinance your current mortgage and when you should set up a home […]

should-you-keep-your-mortgage-or-pay-it-off

Should You Keep Your Mortgage or Pay it Off?

August 1, 2006

A home is the most valuable asset owned by most Americans. A key and confusing financial issue for many is how to manage the home equity. Proper management of the equity can increase net worth and enhance one’s life style. Managing home equity means determining the trade off between a mortgage and unencumbered home equity. […]

ways-to-reduce-mortagage-on-IRA

Five Proven Ways to Reduce the Mortgage on your IRA

April 1, 2006

Most people who are busy accumulating large balances in their IRAs and 401(k)s forget that the IRS holds a mortgage on those accounts. You put pre-tax dollars in the accounts and let income and gains compound tax deferred. But that balance in the IRA is not all yours. The price for those tax breaks is […]

should-retirees-pay-off-their-mortgage

Should Retirees Pay Off Their Mortgage?

January 1, 2006

Not long ago a key part of every retirement plan was paying off the mortgage. I’m told that a popular ritual was the mortgage-burning party, though I have never been to one. Now, it seems that fewer retirees consider paying down the mortgage to be important. To the contrary, maintaining a substantial mortgage frequently is […]

the-right-mortgage-for-todays-market

The Right Mortgage for Today’s Market

May 1, 2004

Alan Greenspan recently pointed out that over the past decade homeowners would have saved a bundle by having adjustable rate mortgages (ARM) instead of conventional fixed rated home loans. Is an adjustable rate loan still the right decision today? A fixed rate mortgage definitely is more expensive in the short-term. Recently, the average interest rate […]

The New World Of Mortgages

August 1, 2002

Mortgage rates still hover near their lowest levels in decades. That keeps refinancing near the top of many lists-of-things-to-think-about. If you are one of the millions thinking of refinancing a mortgage, you should know that the rules of the mortgage market changed in the last few years. Until recently, refinancing didn’t make sense unless current […]

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