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re: Someone drops $1.5 million in your lap.....
Posted on 10/13/19 at 12:00 pm to Tempratt
Posted on 10/13/19 at 12:00 pm to Tempratt
quote:
After taxes it's $750k.
Pay off mortgage.
Put the balance in banks.
$1.5 Million POST TAX.
5% is pretty conservative, and a mortgage rate is less than that. Why would you use the principal to pay off a loan that has a lower rate that what you would earn in a mutual fund?
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