I don’t write very often about personal finance, I differentiate between investing concepts and personal finance issues as I am no CFP.
I am very interested in the subject as you might imagine. I enjoyed this article by Robert Powell that addressed whether or not to pay off your mortgage as you move into retirement.
While I am no guru I am not illiterate either, I’d like to think. I tend to think it is good to pay down the mortgage with extra payments from the beginning. This is what my wife and I did so now the mortgage on our cabin is paid off, homes in rural Arizona were quite cheap when we bought up here in 1998.
For someone that has not been aggressive in paying down the mortgage I don’t think taking a big chunk of your savings and paying off is the best idea. Clearly every aspect of this issue is subjective so maybe the article can be helpful.