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Does it makes sense to pay down or even pay off my mortgage instead of maxing my 401k and IRA the following scenario:

- $600k in savings - 401k, IRA, open accounts - 30% in individual stocks and 70% in Mutual funds

- 13 years to retirement target age, which will be 65

- Home is valued around $600k

- Mortgage remaining at $205k, rate is at 4.5% until 2010

I could apply any new cash against the mortgage principle instead of loading the 401 or IRA at maximum amounts and eliminate good portion of the mortgage principle.

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