Mortgages Okay in Retirement Say New Wave of Retirees

The baby-boomer generation about to retire is in no rush to pay off their mortgages according to the third annual Affluent Boomers at 60 survey from Bell Investment Advisors.

The prior generation of retirees had a major goal prior to retirement: "Burn the mortgage!"

Not so with the baby-boomer generation. More than 55 percent of boomers surveyed who currently hold mortgages do not plan to pay their mortgages off until at least their 70s, and likely never.

Of the 500 boomers surveyed approximately two-thirds currently have mortgages on their residences. The remaining third either rent or do not have a mortgage.

For Retirement Quotes about Mortgages and Money

Download the Free E-book The 237 Best Things Ever Said about Retirement by Ernie Zelinski at:

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Also see Retirement Quotes and Retirement Sayings about:

• Investing Your Money Wisely in Retirement
• Importance of Money in Retirement