Should I Pay Off the Mortgage?

Jill on Money with Jill Schlesinger

Audacy

Investing, Education, Business, Self-improvement

4.6 • 1.9K Ratings

🗓️ 29 November 2022

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

If you've been a regular listener you know that I almost always advise against paying down a mortgage early. That's because everybody seemingly has a low interest rate. But there are a handful of exceptions. Laurie from Connecticut is one of them. Sort of.

Have a money question? Email me here.

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

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0:00.0	Welcome to the Jill on Money Show.
0:05.9	It is Tuesday, November 29th.
0:08.2	Hey, it's giving Tuesday.
0:10.0	So if you are charitably inclined, time to figure out whether or not you're ready to
0:15.0	give some money away today.
0:17.2	And don't forget to give wisely.
0:18.7	I think I should write about this.
0:20.2	So I'll make sure I have something up on the website for you guys to check out.
0:23.8	Today we are doing an email episode, but that doesn't mean you can't send us a note and
0:29.1	try to get on the program live.
0:30.8	Just go to JillOnMoney.com, click the contact us button.
0:35.4	And if you check that box at the end, Mark will get you on the air.
0:38.5	It's very easy to do.
0:40.3	So let's get going.
0:41.7	Let's answer some questions.
0:43.2	This is from Claudine, who writes, Hi, Jill, I love your podcast.
0:46.7	What are your thoughts on long-term care funding?
0:49.1	I have many thoughts, so let's hear what Claudine has to say.
0:53.0	She says, I'm 60, I'm bewildered by the choices.
0:56.6	Self-funding?
0:57.6	Okay.
0:58.6	I have to have a lot of money saved.
	...

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