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Hi Fellow Fools,

Any thoughts/advice on this appreciated!

To shorten a long story, I am age 49 and have $50K cash in my credit union savings. I am debt-free (except mortgage), have a solid e-fund, and am contributing to a 403(b) and ROTH.

I owe $95K on the mortgage, 29 years to go, @ .6375%

As I am anxious to be mortgage-free at retirement, I'd like to pay a lump sum of $50K towards the principal, thus saving interest and paying it off much more quickly. I will continue to pay extra on the principal. When the mortage is paid off, my goal is to put that $$ aggressively into my 403(b) and ROTH.

I may need to help out my father in the next few years, but figure if necessary, I could get a HELOC or home equity loan.

Have any of you done anything similar? How does this sound?

Thanks in advance,


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