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Reply to "What to do with $1 million "
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[quote=Anonymous][quote=Anonymous]I'd pay off the house. The security of knowing I own my house free and clear would be amazing! You could invest monthly whatever you were paying in mortgages before. This Washingtonpost money lady is all about having no debt: https://www.washingtonpost.com/business/get-there/yes-all-debt-is-bad-debt/2017/04/14/77955ea4-1ee3-11e7-a0a7-8b2a45e3dc84_story.html?utm_term=.c785b79d5d60[/quote] Yeah, debt free is good, but it can cost you. I'd suggested a refi into a 15 yr. note earlier, with enough principal pay down to make it affordable. At an average 4.8% per year, the remaining cash pile will double in 15 years. Paid off house and huge cash pile gets my vote![/quote]
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