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.
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