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#1 concern is the age old question - invest or pay extra to the mortgage. #2 is what is the FIRE plan - right now, it's only an idea with no details. I'm thinking payoff the house then semi-retire meaning working part-time or in more interesting/lower paying jobs. With no mortgage, we would be able to keep the same standard of living with less income. However, we would still need to save something for retirement and get cheap health insurance. After 10 years, dial back even more when the pensions kick in (assuming our current employer doesn't get rid of it before then).


I've gone back and forth on this myself. A few years I'll pay down on the mortgage. Then a few years I'll put more towards investments.

As of now, I have it timed so that it looks like I'll have the mortgage retired pretty close to the time I think I can Fire. Which is about 6 years for me.

DW and I almost had our 1st home paid off. We were one year away from being mortgage debt free at the age of 34. It was only worth about $100k back in 1996 but it was in the country with 1 acre and suited us well. Then DW got the new home bug and we got into debt, big time with a 3000 squ foot home on 5 acres with pool, 3 car garage, expensive furniture and other nonsense. Then another move after a job change to a slightly smaller home with the end result being I got little traction on mortgage debt reduction from 1996 to 2006.

So now I try to max out our 401k's at work with a combo of regular and roth 401ks and put the rest towards the mortgage. Then make occasional adjustments here and there so they'll both be done around FIRE time.

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