afchic,
We were in a similar situation 10 years ago. We decided to pay off the mortgage, and currently have no debt. About 5 years ago, I was involved in an accident that caused early retirement – I am thankful that we paid of the house.
Since your house is the one you will retire in, it seems to me that it is more of a “comfort” decision rather than financial. Lets face it, even the best of investors are making single digit returns, so the question is not “where do I get the most return”, but how would you feel to be debt free going into retirement (or another career).
BTW, Roguish Lawyer is correct. Hard times, and inflation, are coming.
Ensure that the bulk of your money is “hard assets”.
SnT
Quote:
Originally Posted by Roguish Lawyer
Lots of people think that we are soon going to see significant increases in inflation and interest rates. If that prediction is accurate, one reasonable strategy would be to invest in hard assets -- things that will have value for you regardless of what a dollar is worth. Based on what you say above, if I were you, I would pay down the mortgage. A home, if you plan to stay in it long-term, is one of the best hard assets you can buy.
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