Low rates prompt retirees to keep mortgages

05/19/2013 | Wall Street Journal, The

For some retirees, today's low interest rates and still-reduced housing prices make mortgage payments in retirement an attractive option. Some see a mortgage as a way to free up cash for investments with a higher return, while others are investing in second homes. Experts say retirees should consider their monthly cash flow and whether paying off a mortgage will give them needed peace of mind.

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Wall Street Journal, The

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