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Why Shouldn’t We Pay Off the Mortgage?

Jill on Money with Jill Schlesinger

00:00

Aren't You Going to Need Money to Live On?

Araica: Why get a loan if you can pay for it? Cara: It shouldn't be a priority to have our mortgage paid off before we retire. Gill: Maybe what your social security is going to be when you're 65 and do some non-retirement saving as well from now, let's see where you stand. Arica: If ier, if i were saying, i genm just give you what you should do. No, you shouldn't pay this debt off. You don't have that much money. So you need to build up your retirement income down the road.

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