Readers See Pros, Cons to Paid-off Mortgage
Baby boomers love to discuss this age-old question: Should I pay off the mortgage before retiring?
Our blog readers fell into two camps in their comments on a recent article.
Some made an emotional argument – that a mortgage-free retirement makes them feel secure. The other camp argued that paying off the mortgage does not make financial sense.
The article, “Boomers Repairing their Mortgage Finances,” described research showing that boomers have sharply cut what they owe on their mortgages by paying extra in the years since the housing market bust. People naturally pay more of this debt as they age. But the boomers’ rapid payoffs partly explain why 40 percent to 50 percent of Americans in their 60s no longer have a mortgage, wiping out what is often a retiree’s largest single expense.
The state is making a huge power grab, and it won’t be giving it up
The pandemic has sanctioned a massive expansion in the state, unlikely to be reversed - big government is back
9 February 2021 • 7:00pm
First it was lockdown, then it was test and trace, then vaccines, and now total isolation from the rest of the world, on pain of 10 years imprisonment for travellers who fail to disclose they’ve been to a country on the Government’s red list.
Like a constantly receding destination, salvation from the wretched virus is seemingly always just beyond the horizon, one last heave away from success.
Smyrna will receive two loans from the state worth a total of $20.2 million to improve its water infrastructure.
âWe are pleased we can provide these loans,â Tennessee Department of Environment and Conservation Commissioner David Salyers said. âThey make investments in local communities affordable and pave the way for environmental responsibility.â
A loan for Smyrna for $17.2 million came from the Clean Water State Revolving Fund Loan Program and will address improvements to the wastewater treatment system. The loan has a 30-year term at 0.9 percent interest.
Smyrna also received a $3 million loan from the Drinking Water State Revolving Fund Loan Program. It will address improvements to the water distribution system. The loan has a 20-year term at 0.68 percent interest.
February 09, 2021
Adopting best practices in lending, the state-owned infra lender has ‘a long way to go’
The Comptroller and Auditor General of India (CAG) has come down heavily on India Infrastructure Finance Company Ltd (IIFCL) for its deficiencies in lending to road projects.
The state-owned IIFCL still has a long way to go in achievement of its mission of adopting best practices and developing core competences for facilitating infrastructure development, the CAG said in a report tabled in Parliament on Tuesday.
Several deficiencies, including not giving due cognisance to the major risk of Right of Way availability to projects, led to loan of ₹1,895.50 crore to nine projects, out of 32 projects examined in audit, becoming a NPA, the report highlighted.
Pakistan, February 08 2021: Building on the partnership announced in Pakistan in 2020, SadaPay and Mastercard are issuing the Middle East & Africa (MEA) region’s first numberless and contactless enabled card, allowing users to transact in simpler, faster and more secure way. This announcement further strengthens Mastercard’s commitment to promoting financial inclusion in emerging markets … Read More