Skip to main content
No. of Recommendations: 0

I'll tell you what I did; w/out knowing yr financial structure, yr ? really can't be answered anyway but here's an anecdotal record.
I had a mortgage @ 9 1/2% when I hit 62; I took the $$ & proceeded to put it ALL into paying off my mortgage. In that I couldn't get a fixed return anywhere near the mortgage rate, it only made sense to me to pay off my note as quickly as possible which I did. I'm "tickled pink" that I made that decision. I think the issue is do you need the $$ to live on? If so, you should go on working & wait 'til 65. Otherwise, take it!!
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.