06/20/2026
Paying off your mortgage after 60 is not automatically “smart.” The real risk at that stage is often liquidity, not debt. When you dump a large lump sum into your house, you can become cash-poor and asset-rich. Then the first real surprise hits: medical costs, home repairs, caregiving, or a job change. And now the money you need is locked inside equity, which can force a HELOC, a sale under pressure, or taxable withdrawals.
If your rate is low, the better move is usually building reserves and protecting cash flow first.
Not financial advice. Talk to a CPA and financial planner.
