Without running your numbers, no you have at least the general idea right. You are excluding one HUGE variable though, life. Are you disciplined enough to actually put all of that money into accounts? Your life will assuredly change over a 15 or 30 year time frime.

I'm not trying to persuade you one way or another. You just have to think about that. How important is the cash flow to you, can you reasonable expectation to actually follow that plan for 30 years, ect, ect. Those are questions no one can answer for you.

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Posted by HardHat

Member since Feb 2014

721 posts

Posted on 10/10/17 at 9:18 pm to Mingo Was His NameO

quote:
You are excluding one HUGE variable though, life. Are you disciplined enough to actually put all of that money into accounts? Your life will assuredly change over a 15 or 30 year time frime.

I agree, there is no telling what life will bring my way over the next 30 years. I'm young (26 Years old), so I have a lot that will be coming my way.

I'm very disciplined with finances, I'm currently Maxing out my ROTH IRA, HSA, and 401K. Our 4 year old has a nice nest egg for college, I have a relatively new vehicle (2 1/2 years old) that is paid off.

After running some projections with my current contributions along with some scaled back options (worst case scenario) to make sure that this plan is followed. I also took a look at some options if I had to withdraw, or stop extra contributions for a period of time, and I still think I would come out ahead.

I like the idea of having the liquidity of investing the extra. I'm looking at inflation over the course of the mortgage, and expenses in that 10-15 year range. I can deduct the interest payments for taxes, and fund a ROTH IRA to help with taxes during retirement, while having the option to withdraw some of those contributions if needed.

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