pension funds

Should I Pay Off My Mortgages with My Retirement Funds: Expert Advice for Retirees

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Should I Pay Off My Mortgages with My Retirement Funds: Expert Advice for Retirees

My wife and I are both retired. Right now we have an IRA worth over $800,000, which is intact, and stocks worth $600,000. We receive pensions and Social Security, which amount to about $9,000 a month, but we have two mortgages that are not being paid off. Our primary mortgage has $42,000 remaining with an … Read more

We are retired with $1.4 million in investments and 2 mortgages worth $200,000. Should we pay them back and risk increasing our Medicare premium? – CNET

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We are retired with $1.4 million in investments and 2 mortgages worth $200,000. Should we pay them back and risk increasing our Medicare premium? – CNET

My wife and I are both retired. Currently we have an IRA worth over $800,000 that is intact and stocks worth $600,000. We receive pensions and Social Security, which amount to about $9,000 a month, but we have two mortgages that are not being paid off. Our primary mortgage has $42,000 left with 2.5% interest, … Read more