UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: JcsSweet1 Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76629  
Subject: Retirement Invest or pay down mrtg? Date: 2/3/2000 4:31 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I'm lacking an amortization schedule and am hoping that someone on this board can assist with a calculation.

In a tax bracket of @ 28%, would it be more financially advantageous to pay down the balance of our 26 1/2 year mortgage (7.125% interest)using $67.00 monthly put on the principle (comprising one payment annually), or

Would it be best to put the $67.00 monthly into hubby's 457S plan with the state of California? The most aggressive options for that 457S are PRNHX AND PRITX. Hubby retires in 17 years and we'd like to be done with the mortgage upon his retirment.

Thanks for any pointers you can offer :)


(p.s. I posted this to one other board, but thought perhaps this board might be a tad more appropriate.) :)
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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.
Post of the Day:
Saul's Investing Discussions

A Board that Makes You Think
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
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.