My fiance and I have a combined income of $175k. We have no debt but do have $303k remaining on our house @ 4.625%. House value is roughly $400k here in Austin TX. We got our 30 year mortgage in 2014. I'm 32, she's 28.
I have a Roth IRA and a solo 401k, which I have been maxing out annually for 2 years now. This year the company I own is able to add an additional $40k to my solo401k.
We would like to have our house paid off as soon as possible, without sacrificing our aggressive investing strategies. My fiance will be setting up her Roth IRA in 2016.
What do you recommend as the best strategy for achieving the mortgage payoff ASAP while continuing to fund our investments aggressively?
Thank you!
I have a Roth IRA and a solo 401k, which I have been maxing out annually for 2 years now. This year the company I own is able to add an additional $40k to my solo401k.
We would like to have our house paid off as soon as possible, without sacrificing our aggressive investing strategies. My fiance will be setting up her Roth IRA in 2016.
What do you recommend as the best strategy for achieving the mortgage payoff ASAP while continuing to fund our investments aggressively?
Thank you!
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