- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: When to pay off the mortgage
Posted on 9/16/22 at 7:31 pm to Grinder
Posted on 9/16/22 at 7:31 pm to Grinder
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.
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.
Popular
Back to top
![logo](https://images.tigerdroppings.com/images/layout/TDIcon.jpg)