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Reply to "What to do with $1 million "
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[quote=Anonymous]Do not pay off the mortgage. Invest the money in a diversified portfolio of Vanguard mutual funds. If you want to know why this is the best approach, compare the after tax return on paying off your mortgage (i.e., the savings on payments excluding the mortgage interest tax break) with the after tax return on a diversified portfolio of mutual funds. You will be making a few extra percent a year using the bank's money.[/quote]
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