Comments on: Question From a Reader: What to do With My Mortgage? http://allfinancialmatters.com/2008/02/04/question-from-a-reader-what-to-do-with-my-mortgage/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 21 Nov 2009 13:00:57 -0800 http://wordpress.org/?v=abc hourly 1 By: Weekly Round Up http://allfinancialmatters.com/2008/02/04/question-from-a-reader-what-to-do-with-my-mortgage/comment-page-1/#comment-230391 Weekly Round Up Sat, 09 Feb 2008 14:02:20 +0000 http://allfinancialmatters.com/2008/02/04/question-from-a-reader-what-to-do-with-my-mortgage/#comment-230391 [...] All Financial Matters - Question From a Reader: What to do With My Mortgage? This is a great collection of articles dealing with whether or not to pay off your mortgage early. There are a lot of differing opinions. [...] [...] All Financial Matters – Question From a Reader: What to do With My Mortgage? This is a great collection of articles dealing with whether or not to pay off your mortgage early. There are a lot of differing opinions. [...]

]]> By: JimmyDaGeek http://allfinancialmatters.com/2008/02/04/question-from-a-reader-what-to-do-with-my-mortgage/comment-page-1/#comment-226943 JimmyDaGeek Tue, 05 Feb 2008 13:52:26 +0000 http://allfinancialmatters.com/2008/02/04/question-from-a-reader-what-to-do-with-my-mortgage/#comment-226943 If you decide to invest the money for the long-term and you qualify for a ROTH IRA, put the money there. You are allowed to withdraw your principal without penalty or taxes so you have access to that money if you feel you need it. If you decide to invest the money for the long-term and you qualify for a ROTH IRA, put the money there. You are allowed to withdraw your principal without penalty or taxes so you have access to that money if you feel you need it.

]]> By: Al http://allfinancialmatters.com/2008/02/04/question-from-a-reader-what-to-do-with-my-mortgage/comment-page-1/#comment-226617 Al Tue, 05 Feb 2008 04:40:29 +0000 http://allfinancialmatters.com/2008/02/04/question-from-a-reader-what-to-do-with-my-mortgage/#comment-226617 In December of 1999, I bought my home with 20 percent down and a 6 percent mortgage. I decided I'd like to pay my home off early and figured stocks, mainly the S&P 500 index fund, was the way to go. After all, the long-term track record for the market is around 11 percent. I've checked my fund statements and I've made a whopping .75 percent annual rate of return since that time. My mortgage is still a managable 6 percent but in looking back, I'd have much rather had that 6 percent guaranteed rate of return than less than 1 percent. So, I'll hold on and have faith those historical 11 percent returns come to pass. Someday. Soon. I hope. In December of 1999, I bought my home with 20 percent down and a 6 percent mortgage. I decided I’d like to pay my home off early and figured stocks, mainly the S&P 500 index fund, was the way to go. After all, the long-term track record for the market is around 11 percent. I’ve checked my fund statements and I’ve made a whopping .75 percent annual rate of return since that time. My mortgage is still a managable 6 percent but in looking back, I’d have much rather had that 6 percent guaranteed rate of return than less than 1 percent. So, I’ll hold on and have faith those historical 11 percent returns come to pass. Someday. Soon. I hope.

]]> By: moneymonk http://allfinancialmatters.com/2008/02/04/question-from-a-reader-what-to-do-with-my-mortgage/comment-page-1/#comment-226428 moneymonk Mon, 04 Feb 2008 22:47:11 +0000 http://allfinancialmatters.com/2008/02/04/question-from-a-reader-what-to-do-with-my-mortgage/#comment-226428 Jerry, Do what YOU feel is right. Most people like the security of a paid off mortgage. Others rather invest the difference. The answer is whatever you feel right in your heart. Jerry,

Do what YOU feel is right. Most people like the security of a paid off mortgage. Others rather invest the difference. The answer is whatever you feel right in your heart.

]]> By: Lily http://allfinancialmatters.com/2008/02/04/question-from-a-reader-what-to-do-with-my-mortgage/comment-page-1/#comment-226426 Lily Mon, 04 Feb 2008 22:40:55 +0000 http://allfinancialmatters.com/2008/02/04/question-from-a-reader-what-to-do-with-my-mortgage/#comment-226426 FYI, Trent at The Simple Dollar literally <i>just</i> posted an article addressing this very topic (and this very CR story). http://www.thesimpledollar.com/2008/02/04/investing-versus-paying-ahead-on-your-mortgage-which-makes-more-sense/ FYI, Trent at The Simple Dollar literally just posted an article addressing this very topic (and this very CR story).

http://www.thesimpledollar.com/2008/02/04/investing-versus-paying-ahead-on-your-mortgage-which-makes-more-sense/

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