Re: The Economy: Maintain a mortgage or pay it off?
You could always do the math and make assumptions - like: The 6% interest is really 4.5% after you subtract the mortgage tax savings. Then can i make more than 4.5% after taxes if I invest the usual mortgage payment? Maybe yes, maybe no.
The way i look at it is that we should do a little of everything since we are not professionals. I pay down my debt more than is required. I put into my 401(k) and Roth as much as i can. And the rest i have fun with. Be careful who you listen to on this subject. Take everyone's advice (even those that will tell you they are a pro or know a pro) and mull it over. You are going to get answers all over the place. Money, Sex and Politics - tough subjects on a public Forum!
Just my 2 cents.
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