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Re: Payoff 2nd mortgage or invest in taxable account?

As follow up - I did indeed pay off mortgage#1, the $110,000 HEL, but kept mortgage#2, the $384,000 15yr mortgage. This frees up a little over $2,000/mo in cash-flow, which I will add to my monthly taxable retirement savings. Thanks all for your advice.
by SlightOfHand
Wed Mar 27, 2013 10:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Payoff 2nd mortgage or invest in taxable account?
Replies: 9
Views: 776

Re: Payoff 2nd mortgage or invest in taxable account?

I'd pay off the mortgages before taxable investing in a heartbeat. At your tax rates, you lose some deductibility of mortgage interest and taxable investing has higher QD taxes. +1 Without a doubt 8-) +2 Knock out those mortgages. You have a nice amount of savings already and will be able to save e...
by SlightOfHand
Sun Mar 24, 2013 11:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Payoff 2nd mortgage or invest in taxable account?
Replies: 9
Views: 776

Payoff 2nd mortgage or invest in taxable account?

I've seen many of these posts, but I think my situation is different enough to warrant a new post. me 43, spouse 41, children 10,8 tax-deferred retirement accts: $430,000 taxable retirement savings: $190,000 emergency fund: $350,000 529 plans: $65,000 mortgage #1: $110,000 3.99% 7 years remaining (o...
by SlightOfHand
Sat Mar 23, 2013 1:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Payoff 2nd mortgage or invest in taxable account?
Replies: 9
Views: 776

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