Do You Need to Pay Off Your Mortgage Before Retirement?

💭 Should you pay off your mortgage before retirement?

In this video, Rohit shares his perspective on this common question. The short answer: it depends. While being mortgage-free can bring peace of mind for some, the decision ultimately comes down to your unique financial situation.

Here are a few key insights he discusses:

1️⃣ Cash Flow Management: Ensure your retirement income (pensions, investments, Social Security, etc.) can comfortably cover your mortgage and living expenses.

2️⃣ Investment vs. Mortgage Rates: With a low mortgage rate, investing your money may offer higher returns than paying off the mortgage early.

3️⃣ Emergency Funds: Prioritize having adequate liquidity for unexpected expenses over paying down your mortgage.