02.13.23 Go Get Higher Savings Yields / Your Continuity Of Healthcare
The Clark Howard Podcast
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How to Retire on a Mortgage at 1.875%?
I'm 56 and 18 months in have at $180,000 left on a 15-year mortgage at 1.875%. My rate. would like to retire between 63 and 65 at the latest - I'm on track. You'd be crazy to pay one extra cent on a mortgage at1.875%. Well, right now just in a CD, you could earn 5% on your money. And so even if you were to put money in a savings account earning more than double, well, almost triple what you're paying an interest on the mortgage. Any alternative, including investing or saving would be better than you pre-paying on a mortgages at such a low rate.
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