When Does It Make Sense to Pay Off a Mortgage?
Oct 17th 2011 6:00AM
Updated Oct 17th 2011 10:51AM
Paul, 62, is like a lot of people near retirement: He wants a safe place to invest his money. But the interest rates on savings accounts barely keep up with inflation. Would it make sense to pay off a mortgage instead? DailyFinance's Laura Rowley reports.