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[quote=Anonymous][quote=Anonymous] We have 2 kids (3, 5) and are 37 yo, both work full-time. We have a combined income of about $350K. 2 W-2s and 1 1099. We do not have any debt except for our mortgage. [b]Our home is worth about 575K and the unpaid balance is around 200K, 15 Year interest rate 3.0%[/b]. [/quote] Do you have a 15 year mortgage, or 15 years left on your mortgage? It seems like the house may be well on the way to being paid off by the time your oldest gets to college anyway. If you've got 15 years left you can run the numbers to find out how much you should prepay this year to only have 12 years left. I'm guessing it's much less than $48K this year. My advice is see what it would take to get the mortgage on track to be paid off in 12 years, and put the rest in taxable accounts. I'm assuming you already contribute a set amount to the 529s, based on their current value. Keep that steady.[/quote]
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