Deciding what to do with extra cash once the bills are paid and savings are growing is a high‑class problem, but it is still ...

Discover the benefits and drawbacks of using your 401(k) to pay off your mortgage, including tax implications, retirement savings impact, and interest savings.

At first glance, paying off your mortgage before retirement seems like a no-brainer – after all, who wouldn’t want to enter retirement with no monthly housing payment? Yet ask three CPAs or ...

Quick Read Withdrawing from a 401(k) before age 59.5 triggers a 10% penalty plus income tax on the distribution. The median U ...

Owning a home is a monumental goal, but it also means you're saddled with a monthly payment for the duration of your home loan. Tack on the loan interest payments—with rates still hovering just under ...

Discover the benefits and risks of using a home equity loan to pay off your mortgage. Explore strategies to lower payments and manage potential pitfalls.

Owning a home comes with the significant responsibility of a monthly mortgage payment, including interest rates that can substantially increase the total cost. While paying off a mortgage early can ...

Paying off your mortgage ahead of schedule can eliminate a significant financial burden from your life. Although it can be a challenge, getting rid of your home loan is a good way to get ahead ...

People are often advised to try to eliminate debt ahead of retirement. The logic is that once you retire, you may be looking at a smaller income. So the fewer expenses you have, the easier it becomes ...

After cutting its benchmark interest rate by a quarter point in September, the Federal Reserve is widely expected to implement two more cuts by year’s end, according to CNBC. [1] While this signals ...