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re: Paying off a mortgage early vs Putting money into an IRA

Posted on 1/3/13 at 10:40 am to
Posted by LSUAfro
Baton Rouge
Member since Aug 2005
12775 posts
Posted on 1/3/13 at 10:40 am to
quote:

I know it'd probably mean more to my retirement account if I was contributing extra there, but if something happens to me down the road I'd rather be debt free.

I just don't understand this as it doesn't make any sense. Your money is still there, it didn't disappear, and actually had a greater earning potential.
Posted by jmtigers
1826.71 miles from USC
Member since Sep 2003
4973 posts
Posted on 1/3/13 at 10:42 am to
quote:

I know it'd probably mean more to my retirement account if I was contributing extra there, but if something happens to me down the road I'd rather be debt free.


You can't eat your house if something happens down the road.
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