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If you pay off your mortgage before retirement, you take a huge financial load off your shoulders. You also become eligible to take out a reverse mortgage once you turn 62.

Pay off your mortgage before retirement, and that's one less bill you'll have to worry about when you're on a fixed income.

If you're going to live in the house make it your goal to just pay off your mortgage.

While I encourage people to save 100% down for a home, a mortgage is the one debt that I don't frown upon.

Tying money up for 40 years doesn't sound appealing when you are young.

Consider a 15- or 20-year fixed-rate mortgage instead of a 30-year, if you can afford the monthly payments - they may not be as high as you think.

Opt for a fixed-rate rather than an adjustable-rate mortgage.

I'm short-selling my house. I have more loans than I can sell the house for. The house will not go into foreclosure. It will be a short sale. I can't afford the house as I once could.

There's no such thing as ageing gracefully. I don't meet people who want to get Alzheimer's disease, or who want to get cancer or arthritis or any of the other things that afflict the elderly. Ageing is bad for you, and we better just actually accept that.

It is estimated that raising the retirement age to 70 would cut the shortfall by about 36%. But this proposal has some drawbacks. Women and men who have worked jobs that require manual labor all of their lives may not physically be able to do work until they are 70 years old.