Paying off your mortgage before you retire can provide you with some unique advantages over traditional retirement investment strategies
Bayside, NY (PRWEB) March 20, 2012
Personal Finance expert Walter Edelstein, CFP® is providing updated financial information and advice on several important topics including retirement advice on how consumers should pay off their mortgage before retiring, and credit card advice on how to deal with missing a credit card payment. TheAdvice.com Personal Financial Site Network continues to provide consumers with free information and easy to implement practical ideas to help them achieve their personal financial goals. Following is a summary of some of the new articles published on TheAdvice.com Personal Finance Site Network.
There are many different ideas and philosophies on how best to save for retirement. There is lots of retirement advice about how much money should be invested in stocks, how much in fixed income products like bonds or CDs, and how this balance between equity investments and non-equity investments should change as retirement nears.
But another form of retirement savings – one that doesn’t get the same degree of attention as those traditional investments – is paying off a mortgage before retiring. According to Mr. Edelstein "paying off your mortgage before you retire can provide you with some unique advantages over traditional retirement investment strategies." This article provides information and insight on how consumers can pay off their mortgages before retiring.
With online banking and bill pay services, it’s become easier than ever to pay bills without having to write a single check or address a single envelope. But sometimes this convenience has a downside. Some people have gotten out of the once common ritual of sitting down at the kitchen table, checkbook in hand, to pay the monthly bills – and this can lead to missing a payment.
Missing any bill payment is a bad thing, of course, but missing a credit card payment can be especially problematic. Edelstein says "A single missed payment could result in your credit card interest rate being increased, late fees being assessed on your account and the late payment reported to credit agencies which can lower your credit score". This articles provides consumers with important steps to take to both prevent and deal with missing a credit card payment.
About TheAdvice.com Personal Finance Site Network
TheAdvice.com Personal Financial Site Network was launched in 2009, and since then has provided hundreds of free articles and financial tips across a broad array of personal finance topics. Several of the sites in TheAdvice.com Personal Finance Site Network include:
Banking Advice – where consumer can learn how to save money, establish budgets, choose the right checking account, and start banking online.
Insurance Advice – where consumers can find answers to many insurance questions including how to secure the right coverage for all home, health, life and automobile insurance needs.
Mr. Edelstein has financial experience that spans over thirty years. It includes being a Certified Financial Planner™, having a Master's Degree from Columbia University, and having served as Chief Marketing Officer for a major online bank where he honed his online marketing skills to help consumers achieve their financial goals.
TheAdvice.com proudly reaches out with this network of personal finance websites to help individuals and families discover the path to financial knowledge.