Pay off the mortgage? Many factors to consider

Many of us dream of the day we're entirely debt-free and paying off the mortgage can be at the top of the list. Saving for retirement, planning for children's college education, and maintaining a cash cushion for emergencies are just a few items competing for your hard-earned dollars. If you're thinking of paying off your mortgage, understanding recent changes in the tax law, specifically the changes to the "standard deduction," can be a key deciding factor.

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