I'm 43 years old and want to retire in 7 years. I will draw 60% of my salary from a PERS pension and additional 4% draw from deferred comp. I have an existing, 10 year interest only mortgage that I make a $500 monthly principal payment to.
My question is, should I continue to make the principal payment to help buy down my mortgage. Or should I invest the $500 a month into a deferred comp or some other retirement fund??
My present mortgage balance is around $335K, house is valued around $700K
* * * * * * * * * * * * * * * * * * * * * * * * * * * * *OR
Should I buy the really big boat now, pay it off in 7 years, sale the house and be Mexico bound* 
|
Threaded Mode
