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Reply to "Pre-pay mortgage or put extra $ into savings?"
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[quote=Anonymous]DH and I are feds. We both put a good amount into our TSPs. We have IRAs, but currently make too much to put into a Roth. We've been paying about 10% extra towards our mortgage every month in an effort to prepay and reduce the amount of interest we pay in the long term. However, I can't help but think that this is not the best use of our money, given our low mortgage interest rate (3.25%). Our savings accounts/money market are only making around .75% right now. We have a DS and we put money in his college fund. What should we be doing? [/quote]
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