“We’d like to start prepaying our mortgage. But we also want to invest as much as we can for retirement. Which should have the priority?” That’s a common question — but there’s no one-size-fits-all answer. Considerations include your age, tax bracket, attitude toward debt, and how long you expect to live in a particular house.
Another factor is whether you gain any tax savings from paying mortgage interest. Under a 2017 change in the law, fewer taxpayers are eligible for such a deduction.
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