Linda Lubitz Boone, CFP®
September 23, 2021

The problem with “Conventional Wisdom” is that it is an easy way to make a decision — it’s what everyone generally does, according to the Oxford dictionary. But you’re not everyone are you? Consider this — conventional wisdom says homeowners should pay off their home loans before retirement. But does this really make sense for you? 

For some affluent seniors, a mortgage may be a better financial decision. Could it be that it’s better for you to consider refinancing a jumbo loan to get the lowest possible rate (today at 3.125% for a 30 year/2.875% for a 15 year mortgage) and keep your savings in investments, where your money could easily earn more during those 15 or 30 years?

But, you say, the money in my savings account that could be used to pay off a mortgage is only earning 0.2% now, why not take that to pay off my 3.5% mortgage loan and stop having to pay mortgage payments? That’s a very good question and the answer is multi-faceted and not so simple.  Here are some things to consider:

For many retirees, they have accumulated other assets by retirement, and being debt free is more a matter of choice. Can we help you assess whether paying off your mortgage makes sense for you?

Jorge Padilla, CFP®
Principal, Senior Client Advisor
May 25, 2022
Feeling Uncomfortable With the Investment Markets? Who is Driving Your Information Diet?
A few weeks ago, our team enjoyed an offsite meeting at a resort in Key Largo that included some fun activities to disconnect and also some focused work as a team. One of the particularities of the resort is their restrictive policy around cell phone usage in certain areas. On the way back, my wife and I started a dialogue about the impact the 24/7 connectivity that our smartphones and the internet are having in our lives. It was just a few decades ago that we were still consuming information at a slower pace, outside of the digital world. Are we better off as a society, as a result? Certainly, the ability to provide access to information and knowledge to a wider audience will generally lead to progress. At the same time, are we happier than older generations in this hyper-connected world? I will let you answer that question for yourself.
Vladimir Filipović, MBA
Client Service Associate
March 11, 2022
Cybersecurity | Staying Safe and Controlling the Controllable
Eye rolls and pitiful exhales—that was the initial response I got from my family and loved ones when discussing cyber security.
Rubina Hossain, CFP®
Client Advisor
March 7, 2022
My Personal College Planning Experience
In April 2018 the college decisions started rolling in. My daughter—first born—applied to 15 universities (she worked super hard in high school and was determined to go to school up North). She had been thinking about going to university since 5th grade. Now, looking back at that time, fifteen applications was way too many—too much work and each application costs $$. The good news is that she got into 10 schools!
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