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Reply to "A nice problem to have "
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[quote=Anonymous]We (2 working parents, three teens) came into a large-ish wind fall. Not enough money to quit working but enough to pay off the house and do a once in a lifetime vacation for our family of 5. The debate is whether we should we pay off the house (with its 3% interest rate) or put it into the market (we already max out our retirement accounts). My thought is that we should pay off the mortgage as having this money around will just be too much of a temptation. My spouse thinks it’s nuts not to keep this interest rate especially with college right around the corner. Wwyd. [/quote]
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