Our daily roundup of retirement news your clients may be thinking about.
Should you save more for retirement or pay off your mortgage early? Deciding on whether to save for retirement or paying off mortgage depends on the clients' circumstances, writes Erik Carter, a financial planner with Financial Finesse. Clients who are in the phase of accumulating wealth need to consider putting up emergency funds first aside from saving for retirement, such that the decision to pay off mortgage would be feasible if their earnings afford them to, Carter says. Retirees and those who are in the phase of generating cash flow may already have saved for their golden years, so they may consider paying off mortgage if it would allow them to save more than what they can earn from their investments. --Forbes
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