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re: When to pay off the mortgage

Posted on 9/16/22 at 7:31 pm to
Posted by armsdealer
Member since Feb 2016
11554 posts
Posted on 9/16/22 at 7:31 pm to
I don't have a mortgage now but when we move I plan to pay off my mortgage on a schedule that would match up with when I want to retire. That will probably mean paying on a 15-20 year schedule depending on when we pull the trigger.

I know I could save more money buy investing that extra or whatever but I plan to put +/- $50k in retirement accounts (roth and 401k) a year and another chunk will be in investment properties plus maxing out ibonds when it makes sense to so paying off a mortgage early won't really hurt our investing. I know I am not an OT baller making $350k but we will make more than double the median household income for the area so it is not like we are poors either. I know I can go back into my own business and make whatever I want but that is a lot of time invested and that time is worth something.
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