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Listen to Johnson Brunetti's Money Wisdom with Joel Johnson CFP®, host of Better Money Television program and Forbes Contributor. Gain true financial wisdom and advice aimed at educating you about all of your financial options when it comes to retirement so you can make the best decisions for you and your family. Get information and education that can bring you peace of mind with your savings and retirement. Whether it’s your 401k account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.

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  1. All Episodes
  2. Should You Keep a Mortgage for Tax Benefits?

Should You Keep a Mortgage for Tax Benefits?

May 13, 2022

Depending on who you talk to, you might get conflicting advice on whether you should pay off a mortgage before retiring. There’s never one answer that applies to everyone, but one of the reasons people consider keeping the mortgage is to benefit from the tax deduction. Is that correct? We’ll explore that question and more on this episode.

 

Read more and get additional financial resources: http://johnsonbrunetti.com 

 

What we discuss in this episode: 

0:19 – Mailbag question on SIMPLE IRA  

1:53 – Different types of employer accounts

5:15 – Mailbag question on having a mortgage in retirement

7:19 – Money Map retirement review