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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.

Suze Orman

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Did you know about Suze Orman?

In 1987 Orman resigned from Prudential and founded the Suze Orman Financial Group in Emeryville California. Suze Orman's Will & Trust Kit – Introduced in 2005 with her personal trust attorney. Her mother worked as a secretary for a local rabbi while her Russian immigrant father worked in a chicken factory and managed a delicatessen in Hyde Park.

A. In 2006 Suze Orman won a Gracie Award for Outstanding Program Host on the The Suze Orman Show on CNBC. She has written several books on the topic of personal finance.

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