My wife and I currently owe $298,652 on our house with an interest rate of 4.625%. I'm 33 and she's 29. Household income at about 200k/year.
We have no other debt.
~91k cash
~118k retirement accounts
We do not get any employee matching at our current j*bs.
My question is, would you all recommend continuing to max out our retirement accounts or payoff the mortgage? I would love to not have a mortgage payment in about 3 years or so. We bought the house in 2014 for about 350k and I'm sick of paying the interest and not kicking down the principle.
Thanks for your advice.
We have no other debt.
~91k cash
~118k retirement accounts
We do not get any employee matching at our current j*bs.
My question is, would you all recommend continuing to max out our retirement accounts or payoff the mortgage? I would love to not have a mortgage payment in about 3 years or so. We bought the house in 2014 for about 350k and I'm sick of paying the interest and not kicking down the principle.
Thanks for your advice.