Discover the benefits and drawbacks of using your 401(k) to pay off your mortgage, including tax implications, retirement savings impact, and interest savings.

Parking all that money in the house comes at the cost of lost flexibility. Once paid in, it’s not liquid. Yes, you can access ...

Paying off your car early can potentially save money.

At first glance, paying off your mortgage before retirement seems like a no-brainer – after all, who wouldn’t want to enter retirement with no monthly housing payment? Yet ask three CPAs or ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But is it worth borrowing home equity from a paid-off home? In some ...

Paying off your mortgage is a huge financial milestone and one that many people dream of achieving. But once that day finally arrives, you may find yourself wondering, “Now what?” Let’s look at how ...

Paying off your mortgage provides financial relief and freedom, allowing for better cash flow and the ability to focus on other financial goals. The road to homeownership is long and arduous, but the ...

Student loans are a fact of life for many Americans. But with the cost of college ballooning over the past few decades, many people are stuck paying off their student loans well into their 20s and ...

Credit card debt is expensive and potentially bad for your credit score. The most cost-effective method for paying it off is typically the debt avalanche strategy.

"I was just living as humbly as possible." — -- A 28-year-old accountant from North Carolina is debt free after paying off all his student loans in less than four years. Logan Marston, who lives ...

Some card details on this page may be out of date. I've been committed to living a debt-free lifestyle ever since my husband and I accomplished a mammoth goal of repaying more than $107,000 of debt -- ...