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Reply to "If you were to inherit $2 million, would you pay off the remaining $150k of your very low interest mortgage?"
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[quote=Anonymous][quote=Anonymous]$2 mill of inherited money that is essentially free money? Yes, I'd pay off the remaining 150k of a mortgage. I'd still have $1.85 mill to invest. I'm not one of those people that feel the need to squeeze every single 0.0001% of every single penny out of life. That's not meant as a criticism of those that do, I'm just not that way. [/quote] Well it is smart, because it's a guaranteed return. And yes, with $1.85M left to invest, the OP will be just fine with "cash flow" and money to have in the market. Also it's less $$ to spend, as most Americans have trouble saving and not spending a huge amount like that[/quote]
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