A CFP has a client who is 55 years old. He has reduced working hours and intends to fully retire in the next couple of years. The client has significant debt including credit cards and mortgages. As forecasted, the interest will remain at historically low levels for several years. The client wants to take advantage of the low rate and purchase an investment property. What should the CFP advise?

A. Encourage the client to borrow at low rates to increase investment returns

B. Tell him to delay retirement until interest rates rise to provide him with higher returns on bonds

C. Discourage him from assuming interest rate risk by accumulating more debt.

D. Encourage him to pay down the mortgage before paying down credit card debt