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Reply to "What to do with $1 million "
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[quote=Anonymous][quote=Anonymous]Hmm actually I probably would pay the house off in your position. We paid ours off in a similar situation a few years ago (sold some stock and paid off ALL our debt including our mortgage and remaining student loan debt) and the psychological security it gave us is so freeing. The nice thing was, we had a baby right after so we were able to redirect our old mortgage payment to our kids' college funds. So whereas before we had $4k going to the bank every month, now it's going to our three kids' educations. [b]Our oldest just turned 9 and has $135k in savings.[/b] [/quote] :shock: Your 9 year old has more in savings than many adults do![/quote]
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