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401k roth
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<blockquote data-quote="beentheredonethat" data-source="post: 875760" data-attributes="member: 4886"><p>Any plan where you are saving in one form or fashion for your future is good. Then best answer will be based on what the future holds. If the interest rates rise, then keeping a debt at 4.5% is a good thing and you can invest and earn a higher rate of return. If the interest rates drop even more and the stock markets decline, then it would have been paying off the debt giving you a guaranteed 4.5% ROI.</p><p></p><p>This is where a good financial advisor can help you. (I wish I had one myself). You may want to consider putting most of that extra money for 2 years into your mortgage and take off most if not all that 35K. Then resume normal payments to your mortgage and then put the money to your Roth 401K. You will still have close to 100K in principal for the last years of your working in your Roth 401K, and have no mortgage. </p><p></p><p>But you should make sure you have enough cash on hand for emergencies such as 6 months of living expenses so that if something goes wrong, you don't have to try to pull money out of untouchable funds.</p></blockquote><p></p>
[QUOTE="beentheredonethat, post: 875760, member: 4886"] Any plan where you are saving in one form or fashion for your future is good. Then best answer will be based on what the future holds. If the interest rates rise, then keeping a debt at 4.5% is a good thing and you can invest and earn a higher rate of return. If the interest rates drop even more and the stock markets decline, then it would have been paying off the debt giving you a guaranteed 4.5% ROI. This is where a good financial advisor can help you. (I wish I had one myself). You may want to consider putting most of that extra money for 2 years into your mortgage and take off most if not all that 35K. Then resume normal payments to your mortgage and then put the money to your Roth 401K. You will still have close to 100K in principal for the last years of your working in your Roth 401K, and have no mortgage. But you should make sure you have enough cash on hand for emergencies such as 6 months of living expenses so that if something goes wrong, you don't have to try to pull money out of untouchable funds. [/QUOTE]
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