Does it makes sense to pay down or even pay off my mortgage instead of maxing my 401k and IRA the following scenario:....I agree with another poster in general. However, you don't say how long it is before your mortgage is paid off, only how long until your interest rate resets, and the duration should be considered, also. If it's just a "few" more years (your definition of "few"), it might be worth it to pay off the mortgage, clear the books for retirement and free up some cash flow around the time you're retiring.However, even if the interest rate resets higher in 2010, you're likely to be doing better than the mortgage interest rate in investment return--and that's additional money for your retirement. And you can't have too much money for your retirement. You don't know what's going to happen in those years, and it's deucedly hard to find extra money after you've left the work force.Eric Hines
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra