1292: Paying off your mortgage with your IRA? An economist's take on personal finance

Published: Dec. 15, 2021, 8 a.m.

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Laurence Kotlikoff is a Professor of Economics at Boston University and author of the forthcoming book, MONEY MAGIC:\\xa0An Economist\\u2019s Secrets to More Money, Less Risk, and a Better Life.\\xa0We discuss the differences between an economist\'s approach to financial planning versus Wall Street\'s. Kotlikoff shares unconventional wisdom, such as the benefit of paying off your mortgage with your IRA in retirement, how some professions are better to pursue in terms of lifetime earnings (clue: it\'s not medicine) and why delaying retirement by just two years can enhance financial security.

More about Laurence: He\\xa0is\\xa0Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., and Director of the Fiscal Analysis Center. Professor\\xa0Kotlikoff\\xa0has written 20 books and hundreds of professional articles and Op-Eds. He is a\\xa0New York Times\\xa0best-selling author and a frequent television and radio guest. His columns have appeared in\\xa0The New York Times,\\xa0The Wall Street Journal,\\xa0The Financial Times,\\xa0The Boston Globe,\\xa0Bloomberg,\\xa0Forbes,\\xa0Yahoo.com,\\xa0Fortune, and other major publications. In 2014,\\xa0The Economist\\xa0named him one of the world\\u2019s 25 most influential economists.\\xa0Learn more about his work and find additional resources by visiting his website\\xa0here.



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