As retirement approaches, it’s important to review your mortgage to ensure it aligns with your financial goals. Ideally, you should aim to pay off your mortgage before retiring to reduce monthly expenses. If you’re still carrying a mortgage, consider refinancing to secure a lower interest rate or a shorter loan term, which can save you money in the long run. Budgeting is crucial – calculate your retirement income and ensure that your mortgage payments won’t strain your finances. It may also be worthwhile to downsize to a more affordable home, freeing up equity for other retirement needs. Consulting with a financial advisor can provide a clearer picture and help you make informed decisions for a comfortable retirement.