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hypo: you come upon $250,000 post tax. you have $225,000 saved.
| Arrogant Racy Shrine | 02/23/18 |
| Salmon Old Irish Cottage Travel Guidebook | 02/23/18 |
| Arrogant Racy Shrine | 02/23/18 |
| Salmon Old Irish Cottage Travel Guidebook | 02/23/18 |
| Jade magical corner | 02/23/18 |
| spruce parlor persian | 02/23/18 |
| Arrogant Racy Shrine | 02/23/18 |
| spruce parlor persian | 02/23/18 |
| Arrogant Racy Shrine | 02/23/18 |
| 180 newt | 02/23/18 |
Poast new message in this thread
Date: February 23rd, 2018 12:21 PM Author: Arrogant Racy Shrine 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: Salmon Old Irish Cottage Travel Guidebook 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: Arrogant Racy Shrine 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: Salmon Old Irish Cottage Travel Guidebook 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: Jade magical corner 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: spruce parlor persian 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: Arrogant Racy Shrine 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: spruce parlor persian 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: Arrogant Racy Shrine 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: 180 newt No brainer, invest the money. (http://www.autoadmit.com/thread.php?thread_id=3901616&forum_id=2#35469718) |