If you're nearing 50 and intend to stay in your home forever, then try to get the mortgage paid off before you retire, even if that means scaling back your 401(k) contributions. The logic is pretty simple: Your biggest cost in retirement will be housing, but if your mortgage is paid off before you retire, then you will have reduced your income needs and won't require such a fat 401(k) to live off. Scaling back 401(k) contributions to boost mortgage payments doesn't have a downside. It's a home run.
Declutter your life! Our March issue features a complete guide to streamlining your life, from Peter Walsh's 30-Day Organization Challenge to innovative ways to clear your mind. Plus, go behind the scenes of Oprah's yard sale and find out how you can improve the world with a simple "hello."