Optimal Finance Daily · Thursday, August 27, 2026
Mike Ballew highlights that carrying a significant mortgage balance close to retirement is a major red flag for financial readiness. He advises individuals to prioritize paying off their mortgage, suggesting strategies like making extra payments to shorten the loan term.
“Are you five to 10 years out from retirement, but still have 20 years left on your mortgage? Think you're ready for retirement? Think again.”
“You can pay your mortgage off before you retire. You just need to increase your monthly payments.”