KNSS Radio>Audio & Video on Demand>>Steve & Ted in the Morning 12-28-16 What to do with that mortgage in retirement?

Steve & Ted in the Morning 12-28-16 What to do with that mortgage in retirement?

Dec 28, 2016|

Moneytracker Don Grant with tips for mortgages in retirement.

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Automatically Generated Transcript (may not be 100% accurate)

What I heard talk radio news. Just like the fact they can this night guys interacted together and get their opinions and Helen its exports of the news. Dial. I. 987 and thirteen thirty K finished this regular season 10 in the morning. Now are three big things we've Stevens says it's already coming along Wilson is 4016 was a good year for Wichita. And Tony seventeen could be even better. See this stuff police at Hoover teaming up to avoid impaired driving while actress Carrie Fisher dead. At the age of 63 big things which Steve intent on Kate and assess. And this morning we're starting to see those gasoline prices jumped bad traffic tracker pat Callan a little while ago he spotted. When little larger retailers in the area and the station at 2:27. This morning and I spotted a station near rock and patriot and her feet to 25 so. Gasoline prices. Watch out form that could be on their way up today traffic update from Kate and as as radio on gas chambers and others. Bring light day coming up mostly sunny today with a high of 55 degrees. Mostly clear tonight the overnight Luke 29 Thursday sunny. Tomorrow's night's 49. Now please guy we get a southwest minted five miles per hour and thirty degrees. And Jackson wishes to thank their customers for a great holiday season. Going now for great end of the year sale items while they last including large selection of apps and ads to keep you warm hats and Jack's. Six of one west Douglas in delay you know at the clock tower. 75 years after the attack on Pearl Harbor Japan in the US are still trying to heal all wounds she. Wrote to the White House historic for the first time the current US and Japanese heads of state together visit the USS Arizona memorial at Pearl Harbor Hawaii was an urgent plea for tolerance prime minister shinjo lobby through a translator. The world needs. The spirit of tolerance. And the power of reconciliation. Now. And especially now it is here that we remember that even when hatred burns hot list even when the target. Tribalism. Is at its most primal we must resist the urge. To turn them. After criticizing President Obama in a flurry of tweets after the current chief exact made comments about how he would have beaten Donald Trump if he could run again. The next president's treated taking credit for a rise in consumer confidence holiday sales in the Wall Street searched ABC's Mary Bruce at the White House. Incoming Press Secretary Sean Spicer suggests in an interview that tweets are here to stay chuck Siebert some ABC news on the markets the Dow gained eleven points Tuesday the Standard and Poor's 500 index gained. Five points NASDAQ Composite climbed 24 points. Three major US indices posted solid gains in Tony sixteen the Dow up fourteen and a half percent. Yes and 500 is on track for an 11% gain while the NASDAQ is headed for a nine point 6% gain. On grants GOP to monitor part of a gasoline going up today oh boy why is that. Or money supply and demand more money. Two major prescription drug distributors have agreed to settle out West Virginia lawsuit. Alleging they fueled west Virginia's opening Lloyd epidemic. With a excessively look hard shipments of painkillers if they. Over several years is get truckloads the only people do for profit ruining other people's demands it. Federal prosecutors in New York have charged three Chinese nationals. Who say they. Who they say profited from insider information about mergers and acquisitions by hacking into the networks. Of law firms working on the deals wow insider tree. Some people do anything for money fortunately. Ted and I. The do nothing but they didn't know what it was it they're not now under the hackers got accurate you played by the rules. I'm re setting the mortgage. To match your retirement. Democrat is elected an automatic poverty outweighs excited about also obviously that's one of those positive means the announcer lost his place. And Fletcher recovered you know I didn't even notice hardly done grants GOP and homeowners regulated well I well you know what's laid out evidently it is or it sure. Anytime we get time. All with humidity and it you know what Chile the workforce your income is only as robust as the planning you did leading up your retirement. Your sister is systematic investments in your retirement plans as one source of income. A pension from a former employer and Social Security benefits can also produce income 200 retirees may get a boost from an inheritance and others may have. Built up a portfolio of income producing investments like rental properties oil and gas leases or. Perhaps a small business. So you'll either earn more. Or last in retirement than when you were working right well I've learned from working with my clients that in most cases income is lower in retirement than when they were earning but that's okay. Because there are dialog here no longer aggressively funny retirement account there's health care costs may change. They may go down with Medicare bit. It was good planning they won't into retirement with a house Plame payment as how I said with good planning they won't leave you know have a house payment. Well if you are still in the workplace paying off your house can be a solid financial plan. I have an ongoing conversation with the investors about the wisdom of caring a low interest mortgages or paying it off. From eight bottom line perspective it may be advantageous to carry a mortgage mortgage particularly when you can write off some of that interest you pay. And your investments may grow at a greater rate. Then what you're paying tomorrow armies had a report that said that you know the stock market was up eleven some percent for the into the year perhaps or somewhere close to that right and your mortgage interest rate may only be three and a half percent so you'd invested you may be better off. But for most of course doesn't work that way every year. My promotes it's still a monthly payment that is eliminated once the house paid off now if you're taking less income once retired. The fewer monthly financial obligations you have the greater the income you can apply to your lifestyle. Now if you have an opportunity to refinance your home late into a mortgage at a much lower interest rate. Please consider the consequences. A repay 35 may take you much longer into retirement. At a time when your income may be lower the best advice I've ever seen is to retire retire your mortgage. When you do and of course if you have any questions using give me a call number 63420. To 22. I'm police charge a Florida woman threatened her husband with a knife. After photo news she and lycra posted on FaceBook. Where they just regular pictures officers responded to the couple's home in Palm Bay Christmas Eve and busted 31 year old. Dying any Saint Louis. Florida today reports the husband told police his wife found the photos and was waiting with a knife when he got home. She's now charged with aggravated assault with a deadly weapon. Not the information and not say whether. They're racy Iranians apparently they were just bad photos. Regular part racy photos or so died died Diana Las Vegas dying any Saint Louis Saint Louis OK that's your. I any like that DIA NEY. IA and I eat now this could be a misprint it could be diet. Farms and Saint Louis and survey's look at that up on FaceBook now let's see if she's now pictures are so there are now at Baylor. Scary room today is national chocolate candy day but didn't you make that works coincidentally last night that went. And into the Dylan store when I got gasoline and box of chocolate in probably in about half 70% off. 50% off yes big good Dee used messages and a little crystals little little racy side things in Atlanta bell now. A huge discount brand man that's Demetric it camps this at a price that is staff make it home yeah Beno. Upon from a life. Are you buy it just it. I don't gorge yourself well you fill up your tank number I'm not like people on TV I'm not completely selfish you know in both their tanks and you're ready to people who TV generals payment. Those deep. Today TV those already anyway. Chocolate factory OK that's very in 191828. Technology was invented that allowed chocolate to be produced into a solid or did you know that guys. Whitman's British the first box of chocolate. Really and Hershey chocolate company designed to specific chocolate bar for the US army I didn't know this. The deep ration bar. Was included in the emergency rations and in the packs of soldiers. From the allied troops stormed the beaches of Normandy on. Ration bar now that's a national chocolate candy day. And here we are typical chocolate candy here to celebrate yeah that seems inappropriate certainly that's why now. Let's get omen again it's all about us years it is. Thank you Don are coming up here you've just been it's 7 o'clock to score indicated this morning news has been dead a complete look at today's news Wichita police teaming up with Gruber. To avoid impaired driving and Carrie Fisher has died. Aren't Star Wars is that those stories about the seventh was David deaths on K and assessed.