[USER]

In the next 2 months or so, we will be paying off our mortgage, our mortgage went from 30yrs at 3.25% to 15yrs at 2%, We are both 44 and have 2 kids.

After payment off our mortgage, I will be able to max out both my Roth and 401k easily.

I don’t know about retiring early, but it sure feels good to be debt free before 45.

Any extra money now are to enjoy ourself and for the kids future.

[Bassel]

Well done! You are well ahead of the curve. Also have the 15 at 2%. Did you just get about 5 years ago?

Did you pay off early?

[Shanna]

This is awesome! When people tell me to invest instead I tell them that I’ll always need a home & a job is never guarenteed.

Therefore i’d rather pay off my home and invest a smaller amount while making larger mortgage payments.

Once the home is paid off your less reliant on a job & can invest at larger quantities.

[Kurt]

If you’re able to pay off your mortgage with cash on hand then you should have been maxing out your retirement accounts

[Duncan]

Congrats!! We also paid off our 2.5% mortgage loan aggressively, against the dismay of many people. But being debt free is a huge thing for us!

ALSO, we had a house fire recently and I cannot stretch enough the importance of having the house paid off.

We receive compensation from insurance directly, versus via the mortgage company.

It saves us so much headache and allows us more freedom to do things with the house.

[Merc]

Great job! You’ll always have some well meaning people argue that you’re better off investing in something with higher returns but don’t let that bother you.

You are the one with peace of mind knowing the debt is gone.

[Sid]

My suggestion would be to keep putting that money away as if you still have a mortgage.

You will be glad you did, and it will not feel like a sacrifice at all since you are used to doing it.

[Author]

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