U.S. News & World Report - I periodically hear folks push back against the advice that retiring with a financed home or vehicle is a bad idea. The typical counter-argument to the concept of retiring debt free is that money is cheap now, with low mortgage interest rates and 0 percent financing on new vehicle purchases. Thus, the logic goes, it makes sense to take that low-interest loan so that you can keep your retirement money invested. While some of the math relied on by the debt proponents may be correct, here are three reasons owning still beats financing for most retirees.
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