should we pay off house
we are now retired and wondering if we should pay off the house. some say never pay the house off, not really sure why. house interest is 4.3% can only get 3% guaranteed interest on money. in...
Forum Discussion
toedtoes wrote:NYCgrrl wrote:
Too many variables not mentioned.
My suggestion?
Hire an accredited independent financial planner preferably one who is a CPA specializing in retirement.
YES!!!
No offense to anyone on this forum, but do you really want to base your financial decisions for your future on what a bunch of complete strangers say on the internet???
You need to discuss this decision with a person who has the provable skills and knowledge to help you make the right choice for you. Talk to people you know and trust and ask for recommendations on a financial planner, meet that planner and ask lots of questions about his/her background and practice. Answer that planner's questions and provide information as to what you want to see for your future. Then make a decision based on the data provided to you by that planner according to YOUR needs, wants, and fears.
Agree I would ask my broker for this advise but If he/she had lost me 21% I probably be asking somewhere else too - Since 12/31/14 I am up about 2%
Just remember that your tax position can change as when you start taking required distributions (age 70 1/2) on an IRA this increases you tax liability -
Yes I am a retired CPA
