Whether you should pay off your house before retiring is a complicated topic; honestly, there are no right and wrong answers to this one. It all depends on how large your mortgage is, how big your monthly or bi-monthly payments are, how much you have in RRSPs and other investments, and how much income you expect to have once you hang up the gloves.
One thing is for certain. You should put everything down on paper and do some calculations, especially if you're over 50. Then, when everything is taken into consideration, talk with experts and consider what your gut is telling you. Here are some points to consider to help you make this very important decision.
For informational purposes only. Always consult with a licensed mortgage or home loan
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