Originally Posted by 2Dogs
Originally Posted by CD
Interest rates like yours (and mine too) will never come back around again. I’d keep the mortgage, put enough of your cash aside to live through the winter, and invest the rest. Anytime you have to pull from that stash, I’d replenish it asap, then back to investing. Look into opening a Roth in addition to your 401k and you can dump any leftover paycheck money into that. Lots of good answers here, but this is the approach I’d take.


Good point and advice CD, that low rate on the mortgage is an asset.
Real estate has a traditional appreciation rate of around 7% in the long run. That's twice his interest rate so he's already making money on the house.

Absolutely do not hit the 401K. The term opportunity cost was used above and it definitely applies in this case. This is High School economics and I don't need Dave Ramsey to tell me that.

Build savings for a rainy day and pay extra principal on the mortgage to pay it off sooner.

Pump as much as possible into the 401K. It will earn FAR more than the house.

Dying ain't much of a living boy...Josey Wales

Molon Labe