Retiring with a mortgage? Why you might want to think twice about that

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Retiring with a mortgage? Why you might want to think twice about that
Fifty three per cent of these senior debtors live alone and often cite illness or injury as a cause of their financial troubles. Among bankrupt seniors, nine per cent had payday loans. In some cases, their adult children are making financial demands and they're too embarrassed to admit they have few alternative resources.

When it comes to opining on seniors carrying debt into retirement, I’ll state upfront my personal bias that anyone with credit-card debt – or even mortgage debt – has no business fantasizing about retirement. To me, it’s simple: if you have debt of any kind, you keep working until it’s all discharged. As I have written…