Thread: Pay Down the Mortgage or Save for Retirement? Which is better in my situation?
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Old 01-25-2006, 10:06 AM
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Fern Fern is offline
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Default Re: Pay Down the Mortgage or Save for Retirement? Which is better in my situation?
Thanks everyone.

I took a middle of the road approach. I boosted my 401k contri. from 7% to 10% and will continue the extra $200 monthly payments on mortgage.

By the way, i overlooked another huge benefit of paying off the mortgage which i'm surprised no one mentoned here....by making prepayments, I'm saving MANY THOUSANDS of dollars in interest payments.

(I got tired of my old avatar, plus someone apparently thought that was my picture.)
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