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Reply to "Best financial planning tip for donut hole families"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We paid off our mortgage. [/quote] Assuming you're not in a house poor scenario and can afford to spread out your mortgage payments over time.....I don't think a financial planner would recommend you paying off a low interest mortgage loan in advance vs investing the same money (or some of it) in either a 529 or retirement product (IRA/TSP/401k/403b) that will likely grow at a higher rate than the mortgage and incur zero capital gains over time. [/quote] +1[/quote]
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