Pay Off the House or Keep the Mortgage?

Consider these factors when weighing the decision to pay off the house.

EDITOR'S NOTE: This article was originally published in the December 2011 issue of Kiplinger's Retirement Report. To subscribe, click here.

More retirees than ever are still making mortgage payments. If you're one of them, you're likely pondering this question: Should I pay off the loan, or not? Throw in historically low interest rates and the decision gets a little harder.

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Rachel L. Sheedy
Editor, Kiplinger's Retirement Report