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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]Assuming no other debt, fully funded 529s, etc.? In other words, what's the peace of mind value of no longer having a mortgage?[/quote] absolutely not, especially since that money would make me at least 150k/yr. Frankly i would not even touch a penny of the inheritable for 8 years until it hit a projected 3.5M and only then at that point would i begin to live off the interest of 267kyr. I’d be 55 at that time and ready to retire. really dumb to dig into that money unless you are in dire circumstances. [/quote]
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