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Retirees should think twice about paying off the mortgage

from CNBC

The countdown to retirement is on for millions of baby boomers and, thanks to a lifetime of diligent saving, some have amassed enough wealth to pay off their mortgages and live debt-free. Conventional wisdom says it's best to pay off your mortgage before retirement; but given the low-interest rate environment and the need to preserve cash in an unstable economy, that strategy is no longer absolute. more


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