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
Tvov wrote:
The key is to find a "financial planner" who is NOT trying to sell you, or get you to invest in, an investment package. This is harder to do than it may sound. If the financial planner is offering a "free review" of your finances, that means they are selling something. Most people, though, are not willing to pay hundreds of dollars to meet with someone for financial advice.
Friends just recently invited us to go along to a free "planning dinner" that was hosted by an investment group. Good dinner, actually! According to them, stocks are bad, so sell everything. What should you do? Arrange for a meeting with their advisors. They wouldn't actually say WHAT they were advising you to invest in, you had to meet with them privately at a later date.
I couldn't agree more. Find a fee-only financial advisor and get professional advise that encompasses more of your financial situation.
Fee-only takes the car salesman out of the mix... They can be hard to find.
Your decision will largely come down to what period you need those funds in and how much risk you can tolerate.
