It’s an age-old financial dilemma: should you use extra savings to pay down your mortgage or invest for retirement? ( Dreamstime ) Reaching mortgage freedom by your early 50s still leaves time to ramp up retirement savings, writes Robb Engen. With mortgage interest rates still well under four per cent, there’s potential to earn higher returns by investing. You diligently pay down the mortgage, doubling your monthly payments and adding a $5,000 lump sum each year. This time, instead of putting every last dollar onto your mortgage, you add $250 per month to your $1,500 minimum mortgage payment.

Source: thestar October 16, 2018 10:30 UTC