Is mortgage debt a drag on retirement plans for clients?

10/24/2013 | WealthManagement.com (U.S.)

Recent studies show that over 50% of pre-retirement households are carrying mortgage debt, and that the median loan-to-value ratio is rising. These numbers mean big debt loads for clients ready to retire. This article suggests that advisers consider counseling clients to pay off mortgage debt, so they're not paying higher mortgage rates than they're earning with bonds, or risking depletion of their portfolios.

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WealthManagement.com (U.S.)

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