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Pay off Mortgage vs. investments?

My wife needs to retire for medical reasons, and will be receiving $92k as a lump-sum retirement, which happens to be exactly what we need to pay off our mortgage.We still have 7 years of a 10-year...

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Re: Pay off Mortgage vs. investments?

Invest it in domestic /intl index funds. Pay off your mortgage in 10 years. You should be able to beat the 4.75% rate, plus you may decuct mortgage interest. Don't be tempted to spend it, just invest...

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Re: Pay off Mortgage vs. investments?

From a purely financial perspective, you are better off investing that money than paying off the mortgage. You should be able to beat that 4.75% mortgage rate by investing the money, over the long...

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Re: Pay off Mortgage vs. investments?

If you dont need the money now to live on I would pay off the mortgage. There is no guarantee you will make a higher rate on investments the next ten years. Statistically it is likely, but no...

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