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127 - Should I Pay Down My Mortgage or Invest? episode artwork

EPISODE · Nov 24, 2021 · 20 MIN

127 - Should I Pay Down My Mortgage or Invest?

from Real Personal Finance · host Scott Frank and James Conole

Scott and James discuss the new contributions limits (2022) and how that impacts our taxes. Listener Question My wife and I have two homes. One is our primary and the other is a weekend/getaway home. We have mortgages on each (each are 30-year fixed and below 3%). Our total monthly mortgage payment for both homes is 15.5% of our gross income. Does it make sense to take our extra cash and pay down the mortgages or to use that cash where it could earn more such as investments? Planning Points Discussed Retirement Planning Utilizing Time Efficiently Capital Appreciation Purchasing Power Other issues (IRAs, Inflation, Financial Goals, etc.) Timestamps: 3:26 - Income Considerations 6:28 - Outside Considerations 9:05 - Interest Rates 11:30 - Opportunity Cost 15:01 - Asset Allocation 18:04 - Borrowing Debt 19:52 - Aligning Your Financial Goals   LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here

What this episode covers

Scott and James discuss the new contributions limits (2022) and how that impacts our taxes. Listener Question My wife and I have two homes. One is our primary and the other is a weekend/getaway home. We have mortgages on each (each are 30-year fixed and below 3%). Our total monthly mortgage payment for both homes is 15.5% of our gross income. Does it make sense to take our extra cash and pay down the mortgages or to use that cash where it could earn more such as investments? Planning Point...

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127 - Should I Pay Down My Mortgage or Invest?

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Frequently Asked Questions

How long is this episode of Real Personal Finance?

This episode is 20 minutes long.

When was this Real Personal Finance episode published?

This episode was published on November 24, 2021.

What is this episode about?

Scott and James discuss the new contributions limits (2022) and how that impacts our taxes. Listener Question My wife and I have two homes. One is our primary and the other is a weekend/getaway home. We have mortgages on each (each are 30-year fixed...

Can I download this Real Personal Finance episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.
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