January 30, 2017

Should you retire with a mortgage?

More and more Americans are retiring with a mortgage. With low interest rates many financial advisers suggest it is better to have a mortgage and keep other funds invested. Some people delight in getting a tax deduction for mortgage interest. However, too many taxpayers who do not prepare their own taxes do not understand how little, if any, tax break they get on mortgage interest deduction. Before you make a decision, read what Nicholas Hopwood, president of Peak Wealth Management has to say about weighing the options: http://www.cnbc.com/2017/01/26/should-you-retire-with-a-mortgage-or-pay-it-off.html

1 comment:

  1. Tom Hofbauer directs the Private Portfolio Management for Trilogy Wealth Advisors. Formerly, Tom was the senior partner responsible for domestic and foreign options trading at Marquette Partners, a private money management group based in Chicago. He was also a floor trader on the Chicago Board of Options Exchange for 15 years before returning to Northwest Ohio with his family in 1997.
    Tom has a degree in Finance from Virginia Tech. A native of Montpelier, Ohio, Tom and his wife have two sons and reside in Bryan. Tom’s passion for horse racing has taken him to the Kentucky Derby each year for more than 20 years. In 2006, he and his family attended each of the Triple Crown races and Tom appeared on ESPN during the Preakness pre-race show as the “World’s Tallest Jockey. “ Tom is also an avid golfer and rabid Ohio State football fan.

    Investment Advisors Northwest Ohio


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