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Having a mortgage in retirement may not be so bad. Here’s what you should keep in mind to find what’s right for you. Monkey Business Images / Shutterstock.com
Editor’s Note: This story originally appeared on NewRetirement. We hear it all the time: Most people want to be debt-free when they retire. It is all about peace of mind and wanting to be free from financial obligations. However, mortgages are considered “good debt,” and, if you can afford the payments, there are good reasons to retain your mortgage even after you retire.
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