Retiree asks if debt payoff or investing is wiser
A Seattle couple in their 70s with about $8,000 monthly income questions paying off home and personal debt versus investing. They carry a $160,000 mortgage, a $16,000 car loan, a $700 monthly home equity loan, and about $1 million in a broker account paying 2 percent fees. The adviser prefers keeping investments and borrowing at low rates. columnist argues for low-cost funds and highlights higher gains from alternatives over five years.
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