Reply to Spouse Insistent on Paying Mortgage Off Early

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Is the paid-off rental something you would not mind living in yourself? If not, i agree with your spouse. It makes good sense pay off your current home while you can. [b]You never know what the future holds, job loss or illness.[/b][/quote]

So much this. When you are in your 20s and 30s and employed and healthy and things are going well, it’s easy to feel like you will be able to keep going like that indefinitely.

I’m in my upper 40s now and if I were laid off, I don’t think I could find a job paying close to what I make now. And I just don’t have it in me to hustle again like I did to get where I am. Having my house paid off would be so much better and allow me to weather storms. And the storms are looking likely and severe at this time.
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Money is money. Weathering storms with a $500K mortgage paid off, or alternatively $500K+ additional money in various low-yielding, but low risk investments? I'm not sure number one is preferable.[/quote]

Psychologically it can be quite different.  If you lose a job at 45 and have a monthly expense total of x + $4000 mortgage, along with $500K in the bank, vs a monthly expense total of X without the mortgage, some people feel much better with situation a vs situation B or vice versa.  Admittedly, they are the same situation, but it's okay for psychology and what you're comfortable with to be a factor in your decisions.  Thus, [b]the OP really should, if she values her marriage, try to understand her husband's perspective and let it play a part in the decision their family makes.[/b][/quote]

I think it's deeply strange (and yet not surprising at all) how many posters are telling OP she is the problem for not compromising when her OP makes it very clear that her husband is the one getting his way already on this topic.  They are not maxing out their retirement.  He is prepaying the mortgage.  [i]Her [/i]perspective is not being heard in this marriage, not his.[/quote]

yeah, you don't pay off a mortgage early until you have fully funded retirement yearly (max out 401K and IRA options) and fully saved for college

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