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Reply to "A nice problem to have "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This is a no-brainer. You do not pay off the mortgage. That is a very middle class way of thinking.[/quote] Totally agree. Paying off your mortgage is only for middle-class rubes. Smart people make sure to dump all their cash into the stock market when valuations are at historic highs, higher, especially, than in the pre-Depression 1929 period. You've heard of the famous saying, "Buy high and sell low," right??[/quote] That's not the only choice. OP could put the money into FDIC-insured vehicles like savings accounts and CDs that still pay more than her mortgage, and have the money available if she ever needs it to put towards the mortgage in the future. Also, having the kids get jobs and then contributing to their Roth IRAs is a fairly safe investment, given that the amounts are relatively low (max $21k/year and likely much less) and they have 50+ years to wait for retirement.[/quote]
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