Why I Told My Client Not to Pay Off Their Mortgage Before Retiring
About this episode
James discusses the implications of delaying retirement to pay off a mortgage, using a client's story as a case study.
Paying off your mortgage before retirement sounds responsible. Sometimes it is. Sometimes it quietly costs you the best years of your life. In this episode, James walks through the story of a client who delayed retirement for five extra years just to eliminate an $1,800 monthly mortgage payment. On paper, the decision looked smart. Her portfolio grew, her expenses dropped, and everything became more “secure.” But the years she gave up were the healthiest and most active years of her retireme...
More episodes of Ready For Retirement
- The Real Math of Working One More Year (It’s Not What You Think)
- Taxes on a $3M Retirement Portfolio: What You'll Actually Owe Each Year
- Here's What Happens to Your Social Security If You Retire at 60
- $15M in Nvidia Stock Case Study | Don't Just "Diversify Everything"
Explore listener stats, chart rankings, contacts and more on the Ready For Retirement podcast page.