Should Households Use Retirement Or Non-retirement Wealth To Pay Down Their Mortgage?

Boston College’s Center for Retirement Research recently published a brief which asked “Should You Carry a Mortgage into Retirement?”  While the goal of repaying the mortgage prior to retirement remains for many individuals, an increasing number of Americans are entering retirement with a mortgage.   The paper examines whether households should use retirement or non-retirement wealth to pay down their mortgage by looking at the returns offered by “safe” retirement investments versus the interest costs of the mortgage.

For the report, click here.