445-Should we Keep Paying off Our House with Gazelle Intensity or Switch to Saving 15% for Retirement?

Today, we cover this question: Joshua, My husband and I love your show and would LOVE IT if you could help us answer a question from your point-of-view. Facts: We're completely debt-free except for our house. We make around $130,000 per year. We're currently investing 10% for retirement. We are dead-set on paying off the house in the next 2.5 to 3 years. The DILEMMA: Dave Ramsey suggests saving 15% for retirement for someone in our position. We can do this..but that'll slow down our house payment goal quite substantially (or, in my mind it's substantial, as I want this house paid off TOMORROW!) The goal after the house repayment is to throw everything we can spare towards investing in retirement funds. THE QUESTION: Should we stay strong on our course to pay off the house in 3 years tops only saving about 10% for retirement or do we bump up retirement savings? Ultimately how do I figure out the opportunity cost in each scenario? Thanks so much! Taliah -- Please support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron This is the debt-payoff calculator that I use constantly! https://www.vertex42.com/Calculators/debt-reduction-calculator.html