Quote:
Originally Posted by afchic
The home is our only debt. No car payments, no credit card payments, and kids college is already accounted for in our GI Bill.
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I look at it this way:
If your retirement funds have a higher rate of return than the 5.5% house mortgage, you're ahead by not paying it off.
Remember to factor in the federal tax rebate from mortgage interest and the taxes due on your dividends and capital gains.
I am not a schooled investor, but with a little reading, I manage to consistently beat the market and exceed my mortgage rate.
That includes many many years where I only invested in mutual funds. I let them do their dirty deeds, earn their million dollar bonuses, and reaped the benefits.
If you are lucky enough to have a bean-counter in the family, put him/her to work.
My $00.0002
Good Luck..