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hypo: you come upon $250,000 post tax. you have $225,000 saved.
| cordovan shaky reading party forum | 02/23/18 |
| hideous plaza | 02/23/18 |
| cordovan shaky reading party forum | 02/23/18 |
| hideous plaza | 02/23/18 |
| 180 Ocher Abode Internal Respiration | 02/23/18 |
| Lime Kitty Pisswyrm | 02/23/18 |
| cordovan shaky reading party forum | 02/23/18 |
| Lime Kitty Pisswyrm | 02/23/18 |
| cordovan shaky reading party forum | 02/23/18 |
| bearded amber bawdyhouse | 02/23/18 |
Poast new message in this thread
Date: February 23rd, 2018 12:21 PM Author: cordovan shaky reading party forum do you a) pay off your home mortgage, dropping your payment from $1750 to $550 (taxes and insurance), or b) continue to service the mortgage debt and try to reinvest the money?
terms of the mortgage are pretty good. 3.75% fixed 30 year.
explain your reasoning please |
Date: February 23rd, 2018 12:22 PM Author: hideous plaza Pay mortgage (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469685) |
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Date: February 23rd, 2018 12:22 PM Author: cordovan shaky reading party forum show your work please (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469689) |
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Date: February 23rd, 2018 12:32 PM Author: hideous plaza You avoid paying 3.5% interest. Most of your monthly payment is going to interest. I’d pay it off to avoid paying that ineterest. No guarantee your investment will generate an amount larger than what you’re paying in interest (needs to be more than 3.5% Bc of taxes, but should also account for losing whatever you’d get from mortgage interest deduction). (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469787) |
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Date: February 23rd, 2018 12:23 PM Author: 180 Ocher Abode Internal Respiration invest the money (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469699) |
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Date: February 23rd, 2018 12:24 PM Author: Lime Kitty Pisswyrm https://res.cloudinary.com/value-penguin/image/upload/c_limit,dpr_1.0,f_auto,h_1600,q_auto,w_1600/v1/mortgages/Historical_Interest_Rates_Annual_Averages
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Date: February 23rd, 2018 12:25 PM Author: cordovan shaky reading party forum point being? (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469708) |
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Date: February 23rd, 2018 12:27 PM Author: Lime Kitty Pisswyrm Your debt is cheap, historically speaking. You should be able to make more money over 30 years by investing it. (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469742) |
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Date: February 23rd, 2018 12:28 PM Author: cordovan shaky reading party forum true. I can earn near that amount in a high yield bond fund right now so that would technically cancel the interest out. (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469752) |
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Date: February 23rd, 2018 12:25 PM Author: bearded amber bawdyhouse No brainer, invest the money. (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469718) |