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401k roth
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<blockquote data-quote="Jones" data-source="post: 875595" data-attributes="member: 4805"><p>If the only thing you plan on doing with that Roth money is paying off the remainder of your mortgage then you're better off just paying down the principal on the mortgage now as that will reduce the amount of interest you pay over the life of the mortgage. Paying down interest bearing debt is a guaranteed return on your investment. You could make a case that if the market maintains it's historical rate of return then you would come out ahead by putting all that money in the Roth, but it's not guaranteed. I would put the money in the Roth just because it gives you more options down the road should you decide to do something different with money.</p></blockquote><p></p>
[QUOTE="Jones, post: 875595, member: 4805"] If the only thing you plan on doing with that Roth money is paying off the remainder of your mortgage then you're better off just paying down the principal on the mortgage now as that will reduce the amount of interest you pay over the life of the mortgage. Paying down interest bearing debt is a guaranteed return on your investment. You could make a case that if the market maintains it's historical rate of return then you would come out ahead by putting all that money in the Roth, but it's not guaranteed. I would put the money in the Roth just because it gives you more options down the road should you decide to do something different with money. [/QUOTE]
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