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Reply to "What to do after house is paid off"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]In 2 years we will have our house paid off. Its current market value is 1 million. We made a mistake of borrowing only for 15 years at a very low interest rate. Is it a good idea to use it to take out loan and buy investment properties? Otherwise it's sitting there doing nothing for us.[/quote] We are mid 40s and had kids early. They are now odd to college/late high school. Being 45, we realized we are wayyy too heavy in 401k/Megs Roth/HSA and are dumping all extra disposable income into taxable brokerage. It’s the ONLY way we can retire in our 50s. [/quote] Same here. Around 45 we started doing way more taxable contributions and reduced 401s/Roths. When our house is paid off in 18 months we will increase that.[/quote]
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