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What paying off your mortgage (or not) means to your retirement

What paying off your mortgage (or not) means to your retirement

Conventional wisdom says you need 70 percent of pre-retirement income to keep the same lifestyle after you stop working. That makes sense if you've been putting away more than 20 percent of your income in your final working years. With those savings, and no more work-related expenses for commuting and dry cleaning, you'd probably get away with a lower income. But if ...

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