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Reply to "What to do after house is paid off"
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[quote=Anonymous]We made the excellent choice of a 15 year mortgage, which comes with significantly fewer interest payments than a 30 year. You forgot that part, OP. Now we're done with the mortgage. We are putting money aside to deal with major maintenance issues that are sure to rear their ugly heads in a little bit (like changing the entire A/C ductwork to the differently-pressured new coolant). We have invested in the stock market throughout the decades, even when paying our mortgage, and continue to do so, and we are paying for expensive private colleges for our kids. We might upgrade to a new house, but this time it will be cash. None of that mortgage nonsense. [/quote]
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