Had planned on paying off mort before retiring but at 2.3%, we may keep it & invest extra elsewhere.

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May 10, 2024
11:10:40pm

Soupie Grandma Sycamore

Even CDs earn enough to put any extra there instead.

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Soupie

Bio page: Soupie
Joined: Dec 29, 2015
Last login: May 22, 2024
Total posts: 97,273 (31,457 FO)

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Messages

Author

Time

Your debts become smaller over time due to inflation. Don’t touch those 2-3% fixed mortgages until the last minute.

mulletino mulletYno@gmail

May 10, 11:05pm

What about 4%?

BlueKoolaid13

May 10, 11:07pm

I’d make minimum payments for 30 years.

mulletino

May 10, 11:08pm

Hey like TNT's credit cards

TNT

May 10, 11:09pm

lol that TNT thinks we believe he has credit.

mulletino

May 10, 11:10pm

"Buy now, pay never." Always been TNT's philosophy

TNT

May 10, 11:11pm

Had planned on paying off mort before retiring but at 2.3%, we may keep it & invest extra elsewhere.

Soupie

May 10, 11:10pm

Smart. Your mortgage balance literally shrinks in value the longer it’s drawn out. Can be a powerful instrument.

mulletino

May 10, 11:12pm

Likewise. I’m at 2.25% and retire in 11 years. Was going to really try to pay

DwigtA2RM

May 11, 12:28am

Can still pay mort w/ just pension but might need to use a bit of 401 for a mission.

Soupie

May 11, 12:51am

Thr super rich do that plus level up:

KayakCoug

May 11, 12:03am

I believe this, interest rates new normal will be around 5%.

byucougarsbig12

May 11, 7:47am

Or you could have no debt and earn interest

CBaass

May 11, 8:09am

Or you can make 5% in a savings account instead of paying off a 2% mortgage. Not for everyone but I wouldn’t pay it off.

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