I’m 67 and retired with $57,000 left on my homemortgage and $600,000 conserved for retirement — oughtto I pay off my house now?

Dear MarketWatch,

I am 67 years old, single and retired at66 After taxes, I get $3,100 per month from a pension. After taxes and my Part B Medicare payment, I get $2,100 per month from Social Security. I have around $100,000 in shared funds/savings accounts and $500,000 in my 401(k) account.

I am able to live conveniently on…

Source: I’m 67 and retired with $57,000 left on my homeloan and $600,000 conserved for retirement — must I pay off my house now?.

I’m 67 and retired with $57,000 left on my mortgage and $600,000 saved for retirement — should I pay off my home now? - Click To Share

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