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Originally Posted by Dionysos
We just went through a similar decision as well, albeit different sums. We wanted to be free and clear while heading into our fun years and decided to buy a CYV for cash plus put some into improvements. After 20 years of Mortgages we always felt like we had a landlord. If it was not the bank it was the insurance company. Now we make the terms 
Really depends on how comfy you are with your pension and SS. |
In the same situation with similar numbers. Fairly safe investments will bring you much more interest to offset the interest your paying on the mortgage As long as your comfortable making the mortgage payment, it’s a no brained. My mortgage interest is approximately $450 a month and interest on a 401K with $400,000 is about $6,000 per month