With so many older Americans carrying mortgage debt with them later in life—and many expressing uncertainty about the financial future if savings ran short—bringing a mortgage into retirement could very well prove to be an increasing concern among retirees.
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According to American Association of Retired Persons (AARP) research, nearly 90 percent of seniors want to age at home. Some will stay put in their memory-filled home, while others will downsize. Options are plenty. But, it’s important to understand what’s feasible. Will your retirement investments last? What backup options do you have? Your home should be near the top of your list.