‘The world feels unpredictable’: I’m 56. My husband is 64. Our mortgage costs $17K a month. Do we pay it off?

Core Insights - The couple has a 15-year mortgage with a low interest rate of 2.4%, which is their only debt [4][6] - The husband earns approximately $3.5 million annually, including bonuses, and has two years left on his current employment contract [3][5] - The couple purchased a home for $3.1 million during the pandemic, with significant improvements made, and currently owes $1.3 million on the mortgage [4][5] Financial Overview - The couple has $5.2 million in a professionally managed account and two IRAs valued at $493,048 [5] - The husband's retirement accounts are estimated to total around $1 million, not including his current job's retirement plan [5] - The monthly mortgage payment is nearly $17,000, raising concerns about affordability if the husband's income decreases in the future [6] Real Estate Considerations - The home is located in a desirable neighborhood in the greater D.C. area and is expected to sell quickly due to its condition and improvements [4][9] - The current estimated value of the home is around $3.5 million, reflecting an increase in value since purchase [9]