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the_falconator t1_jb3mi16 wrote

Reply to comment by SaltyNewEnglandCop in Millions of Americans nearing retirement age with no savings - Cumberland, RI woman interviewed by newengland_schmuck

Mortgage interest is usually less than stock returns, so pay the minimum on the mortgage put the rest into a Roth IRA. Unless the mortgage rate is above 6 or 7%

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SaltyNewEnglandCop t1_jb5m3gg wrote

If you can max out the Roth, max out work plans, always pay off the mortgage early.

Utilize the tax benefit plans and get that appreciating asset paid off.

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pmk0286 t1_jb65avh wrote

Pay off mortgage early. Continue to make half of a “mortgage payment” amount to investment vehicle of your choice.

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SaltyNewEnglandCop t1_jb6i00f wrote

While taking the over half to make an emergency fund that will cover a years worth of life.

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saltrifle t1_jb60h65 wrote

Very simplified answer but honestly the truth. You aren't lying.

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