LogFAQs > #946369558

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, Database 7 ( 07.18.2020-02.18.2021 ), DB8, DB9, DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	Pay off mortgage faster or max 401k?
Cleo_II 10/27/20 2:06:12 PM #1:	What's the better option? 15 year mortgage Max out 401ks Other What's the better option? - Results (72 votes) 15 year mortgage 48.61% (35 votes) 35 Max out 401ks 50% (36 votes) 36 Other 1.39% (1 vote) 1 My husband and I are at odds here so asking what people think. Were nearing the end of paying off a big loan we took and now want to think of how to best grow our savings with the extra funds well have. My husband wants to refinance to a 15 year mortgage. Wed save a crap ton on interest and rates are crazy low now. But I think were better off maxing our 401ks because I think long term we stand to gain more than what wed save on interest. But he doesnt entirely trust that our 401ks will be worth anything by the time we retire (17 years for him and 30 for me). Were not in the position to do both. What do you guys think is the better option? <cite>Cleo_II posted [p:946369558] in Pay off mo... [t:79067162]...</cite> <quote> What's the better option? 15 year mortgage Max out 401ks Other Vote View Results What's the better option? - Results (72 votes) 15 year mortgage 48.61% (35 votes) 35 Max out 401ks 50% (36 votes) 36 Other 1.39% (1 vote) 1 Show Voting Form My husband and I are at odds here so asking what people think. Were nearing the end of paying off a big loan we took and now want to think of how to best grow our savings with the extra funds well have. My husband wants to refinance to a 15 year mortgage. Wed save a crap ton on interest and rates are crazy low now. But I think were better off maxing our 401ks because I think long term we stand to gain more than what wed save on interest. But he doesnt entirely trust that our 401ks will be worth anything by the time we retire (17 years for him and 30 for me). Were not in the position to do both. What do you guys think is the better option? </quote> ... Copied to Clipboard!
Topic List	Page List: 1