CLEVELAND, Ohio – Did you know it might not make financial sense to pay off your mortgage early? Among the factors are your personal financial situation, and your comfort level in holding debt.
That’s Rich!, the personal finance column appearing on cleveland.com and in the Plain Dealer, explored the factors to consider, with advice from four financial planning pros from the Greater Cleveland/Akron area.
Read more about the topic at this link – Does it make sense to pay off your mortgage early? Here’s what to consider.
Also, in case you missed these earlier That’s Rich! columns, check out the links below to explore more about student loan repayment plans, the delayed tax filing deadline for 2020, and how to determine if your’re eligible for unemployment.
* CARES Act makes this ideal time for a student-loan payment checkup – Options to make the best use of the 0%, payment-suspension period offered by the federal government under the coronavirus-relief law known as the CARES Act.
* Coronavirus and taxes: Revised July 15 filing deadline nears; IRS not yet processing paper forms – A reminder for the upcoming filing deadlines for federal, state and local taxes, and an explainer on why you’re likely still waiting for your refund if you submitted your tax form months ago on paper.
* What you need to know to get an unemployment check in Ohio, plus $600 extra – Laid off? Hours reduced? Business slow or gone away if you’re self-employed? A lot of people have become eligible for unemployment checks who never before encountered the system. Here’s what you need to know.