The age-old debate continues: should you pay off your mortgage early or invest for the future? In this video, Peter Richon with Richon Planning and Erin Kennedy talk through whether the answer to that question has changed considering the high rate on “safe returns” for your lazy money and low interest mortgage rates. Before deciding if you should put a big chunk of change toward your mortgage, Peter recommends you walk through these questions: -Do You Need the Liquidity? -How do the “Returns” Compare? -What’s Your Life Stage? -What are the Tax Implications? -Do You Need Peace of Mind? For most people, paying off your mortgage is both a mathematical and emotional decision. But it’s important to crunch the numbers to see what actually brings peace of mind. If you’d like to talk through the pros and cons with Peter, please give him a call at (919) 300-5886 or visit www.RichonPlanning.com
