VIDEO: When Does It Make Sense to Pay Off Your Mortgage?

DailyFinance Staff

Paul, 62, is like a lot of people near retirement: He wants a safe place to invest his money. But the interest rates on savings accounts barely keep up with inflation. Would it make sense to pay off a mortgage instead?

In this week's installment of "Money & Happiness" DailyFinance's Laura Rowley reports on the three questions you need to ask before blowing your available cash to pay off your mortgage.