Ep 105: Paying Off the Mortgage, Convincing a Spouse to Retire, Taxes on Inheritance – Mailbag Episode

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Show Notes

In today’s episode, we continue discussing and answering listener questions we’ve received. Scott will answer questions on paying off your home mortgage, navigating retirement discussions with your partner, and leaving behind an inheritance for your children. Listen in as you may find yourself asking a similar question, in a similar scenario, or able to take the strategies discussed to help improve your financial picture!

Tune in as Scott talks about understanding the interest you’re paying on your home, the mathematical and emotional sides of debt, and looking at tax deductions on your mortgage interest. He’ll then address some challenges with post-retirement spending, wanting your spouse to retire, and discuss the critical intricacies of leaving a legacy behind for your family. This episode is filled with actionable advice to help enhance your financial future.

Here’s what we’ll discuss in this episode:

  • Mailbag- Should I just pay off the $45,000 left on my mortgage if I have the money? [2:40]
  • Are you getting tax deductions for your mortgage interest? [9:43]
  • Mailbag- How can I convince my spouse to join me in retirement?  [11:51]
  • Mailbag- What kind of planning do I need to do to ensure my kids inherit my money and not the IRS? [19:52]

Thanks for checking out this episode of the podcast. If you’d like to learn more about financial and retirement planning, check out our YouTube channel here. 


Taxes Photo