No. of Recommendations: 0
I have $5000 that I can invest in the home we are buying by paying down the principle by that amount after we close thus reducing the 30year loan by a few years. P & I on the house is $750/mo. My other option is to invest the money in a Roth IRA and tie it to a index fund perhaps. I'm trying to decide what will have the better benefit over 20 years when I retire - fewer years on the house payment or the return gained from the $5k Roth IRA. The $5k is what remains from the sale of our house after paying 20% down and closing costs on the new house.
Thanks for your perspective.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.