Pay Off Mortgage Early or Invest in Retirement
If you are contributing the maximum amount in your tax deferred accounts (401k, 403b, IRA) and you have money still available to invest, what should you do? Should you use the funds to start paying off your mortgage early or invest the fund in your taxable accounts towards retirement? This decision is based on the interest rate of your mortgage. If your interest rate is high you should start paying down your mortgage, if it is low you should invest the money....