Personal Finance (Not Investing) • Mortgage Payoff Fund

We refinanced during pandemic at 1.99% (15-year). Balance is only about $350k. The payments are about $3k /mo for another 140 months. It’s a no brainer.

I agree but you should still do your due diligence and at least look at the actual numbers since the things like an Affordable Care Act income based healthcare subsidy, wanting to do Roth conversions, IRMAA, NIIT, and the complex way which Social Security is taxed could make the numbers work out less favorably than you might expect. Also keep in mind that tax rates are scheduled to increase in 2026 if there are not any tax law changes.

https://www.bogleheads.org/wiki/Taxatio ... y_benefits

Statistics: Posted by Watty — Mon Jul 15, 2024 9:14 am — Replies 16 — Views 1356

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