Looking at the current economic cr*pola and possible j*b loss gets me looking into whether to hold cash or pay off mortgage now or in 4 years.
If I lose my j*b, I'm thinking of RE, the big question I have is should I take part of cash I have and pay off the mortgage now or wait 4 years with idea of putting about half into stock market soon and ride it for 4 years?
Mortgage is ~$90K, I've looked at refinancing, save a little but nothing great over the four years (~2K). I've also run firecalc with paying of mortgage now or waiting 4 years (with everything else covered for those 4 years) and it is essentially the same over 30+ years (both over 95% success rate).
If you had to choose and have no idea about when or if you might lose your j*b, which would you do, I'm really torn, I keep on thinking "cash is king", but also know no mortgage would be nice.
If I lose my j*b, I'm thinking of RE, the big question I have is should I take part of cash I have and pay off the mortgage now or wait 4 years with idea of putting about half into stock market soon and ride it for 4 years?
Mortgage is ~$90K, I've looked at refinancing, save a little but nothing great over the four years (~2K). I've also run firecalc with paying of mortgage now or waiting 4 years (with everything else covered for those 4 years) and it is essentially the same over 30+ years (both over 95% success rate).
If you had to choose and have no idea about when or if you might lose your j*b, which would you do, I'm really torn, I keep on thinking "cash is king", but also know no mortgage would be nice.