Hopefully, by the time you are ready to retire your investment portfolio will hold a healthy level of equity. Should you use that equity to pay off the mortgage on your personal home, or should you leave it in your portfolio?
It depends. If you move it to your personal home you will lose some tax benefits. There may also be costs of changing the structure of your investments. On the other hand, you will likely sleep better knowing your personal mortgage debt has been reduced at this stage of your life. The answer for you will depend on a lot of personal factors, including the level of your other savings, your appetite for risk, your long-term financial goals and the current structure of your investments.
Come and speak to us. We can help you balance the pros and cons of both options.