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Reply to "40 years Old Financial Calculators Fail Us Thread For Good Savers"
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[quote=Anonymous][quote=Anonymous]Well, paying off your house isn' that great of a saving strategy. It's a fine strategy to improve cash flow, don't get me wrong, but having so much of your wealth in an non-liquid investment isn't usually wise. At the very least open a HELOC on it.[/quote] It's my alternative to keeping more money in fixed income. I figure if we have a job loss, our fixed expenses will be lower once mortgage is paid off. It's the law that we could get our loan reamortized without fees and we've almost paid off a 30 year loan in 5 years ( last time we refinanced). I know we will be missing the tax deduction...but we did this post 2008 after we lost 1/2 our net worth in stocks. We didn't pull out of stocks but just didn't invest more in college savings accounts.[/quote]
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