Clients will be better paying off their mortgage before the retirement date to get rid of the feeling of having a debt burden. Carrying no mortgage debt into retirement will also give clients guaranteed return and greater flexibility in their budget. And about that tax deduction, it is not enough of a reason to keep a mortgage. To read the full article in FinancialPlanning, click: Yes, Clients Should Pay Off Their Mortgages Before Retiring.
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Clients can use tax-free, non-alternative minimum tax municipal bonds to create a source of tax-free income, an advisor on CNBC writes. While long-term investors will be better off building a portfolio of equities and bonds than having a 100% bond portfolio, muni bonds are a good alternative to annuities and other fixed-income vehicles, according to the expert. Clients who invest in annuities will incur taxes and other costs, but they “can invest the same amount into a diversified municipal bond portfolio and pay no taxes and receive tax-free income until the bonds are called or mature.” To read the full…