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Reply to "200k - mortgage or market "
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[quote=Anonymous][quote=Anonymous]Surprised, but don’t disagree, that people seem more inclined to pay down the mortgage than dump it into stocks. Things have changed from a couple years ago![/quote] Well the mortgage is 4.5% -- and the OP is older with a very recent mortgage it seems (if there's 28 years on it) and a high income tax bracket. It's more "if-y" ground than a 2.5% mortgage with 15 years left on it and a lower tax bracket. I usually advise invest rather than pay off mortgage, but this is a bit more gray. Personally I would do some in the market and some in the mortgage and not recast. I think if you recast you will feel more flush with cash than you actually are. I think your retirement savings are low for your income/age (Fidelity benchmark is 3x your income at 40, 6x by 50, so you should be closer to 2 million to be on track to retire at 67). Your DH is on track with his income, but yours is low for your income.[/quote]
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