Colin Exelby, CFP® breaks down if a fully paid off home is actually worth it in retirement.
Is it always best to retire mortgage-free? In this video, we dive into one of the biggest retirement debates: should you pay off your mortgage or keep it? While conventional wisdom suggests eliminating all debt before retirement, the numbers tell a more nuanced story. From average housing expenses across the U.S. to investment returns on home equity and emotional ties to the family home, we break down the real costs—and benefits—of each path. Whether you're considering selling and renting, paying off early, or holding a low-interest mortgage into retirement, this analysis will help you make an informed decision that aligns with your financial goals and values.
#RetirementPlanning #MortgagePayoff #HomeEquity #FinancialFreedom #SmartInvesting #PersonalFinance #DebtFreeLiving #RealEstateAdvice #RentVsOwn #retiresmart
00:00-Intro
00:27-The Hidden Economics of Retirement Housing
02:20-Calculating the Complete Ownership Equation
03:50-Option 1 The Liberation Strategy: Renting After Selling
06:22-Option 2 Paying Off Mortgage at Retirement
09:40-Beyond Numbers: The House as Family Member
10:40-The Verdict: Personal Values Drive the Decision
★☆★The Cost To Own a 3-Bedroom Home in Every State Go Banking Rates★☆★👇
https://www.gobankingrates.com/investing/real-estate/cost-to-own-3-bedroom-home-every-state/
Outstanding Personal Finance Tools👇
Budgeting...👇
★☆★ Rocket Money (originally called as TrueBill) ★☆★
https://rocketmoney.sjv.io/CelestialWM
Wealth Management...👇
★☆★Personal Capital ★☆★👇
https://personalcapital.sjv.io/CelestialWM
Bookkeeping...👇
★☆★Gusto Bookkeeping★☆★👇
https://gusto.pxf.io/CelestialWM
[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.
I provide financial planning for business owners and their families that makes sense.
Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.
We strive to help you:
*Optimize Your Cash Flow
*Minimize Your Taxes
*Build Your Net Worth
*Create a Lasting Legacy
➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️
Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments!
Top Financial Advisor Baltimore. Top Financial Planner Maryland.
Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com.
Celestial Wealth Management LLC receives compensation from YouTube for the presence of advertising before, after, and during this video content. Celestial Wealth Management LLC does not control th
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