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TopicPay off mortgage faster or max 401k?
Sackgurl
10/27/20 3:24:20 PM
#18:


Cleo_II posted...
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).

show him the 10% worst case monte carlo outcome and its associated growth rate

then show him that even that rate is higher than your mortgage rate

and then point out that the actual savings for the mortgage path isn't the rate but the rate delta

you're entirely right and he's wrong

also you could probably refi to a new 30-year for free at a somewhat lower rate than your current. ask your direct lenders.

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