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Reply to "Is it completely stupid to pay off our mortgage?"
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[quote=Anonymous]please take a moment to recognize and appreciate your level of focus, discipline and purpose. I totally get the values your immigrant parents shared w. you. Don't know how much you make but I can tell you that you will keep more of the money you earn than 99% of your peers by the fundamental financial management you've shown - stats share that most folks over 50 have only 50K assets outside their home, etc. If you don't like debt, evaluate a plan to pay off the mortgage in say 5-7 years from FUTURE savings, w/ options of taking a small part of your savings as downpayment. We paid off our 400K mortgage off in about 8 years. You may want to qualify the 529 savings - is it the max or the max tax dedectable?[/quote]
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