Tag: paying down mortgage
![Senior man calculating finances](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_1-1536x1024.jpg)
The brief’s key findings are: More than 1 in 5 households aged 60-69 in 2007 had a mortgage and had sufficient assets to pay it off. Paying it off makes sense unless a household: can earn a risk-free return that exceeds its mortgage interest rate; or cannot satisfy its demand for risky assets without borrowing…