New Delhi, Sept. 27 -- Retiring with an ongoing home loan can be difficult. It can force borrowers to make a difficult choice: Should you use a portion of your retirement savings to become debt-free, or continue paying the equated monthly instalments (EMIs) and preserve your corpus?

Now, there is no universal answer to this question. While making repayments on the pending home loan can help reduce applicable interest costs and remove a fixed monthly obligation, utilising too much of the available retirement corpus can also create financial stress and challenges later on. This is because such a strategy can also expose an individual and their family to sudden medical emergencies and other essential needs.

Therefore, the key to tackling s...