Madison MoneySports - Personal Finance Thread

[Sijray21]

paying down my mortgage on top of the regular payment). I'll look into other investments soon though.

Can you expound on this? All the calculators I've seen suggest investing is better for people under 50 with with 30 year, low interest mortgages. It'll change with 2018 standard deduction going up, but I don't think that's enough to make a difference for us.

I think for me it's a reassurance to have less debt, but after I sit down and crunch more numbers I may change this approach. Since I'm unfamiliar with investing (still learning) I just default to paying down any debt since that's a safe way to guarantee a 'return' (albeit a 3.375% marginal return).

At the moment I've calculated out that if we add an extra $500/mo to the principal we can have our mortgage gone by the time the kiddo goes to college. We have a 529 that's being funded, but the cash flow at that point without a mortgage would be amazing. After some other expenses in the coming year we should still have some flexibility to throw money into investments even including the extra mortgage payment per month.

How do you all invest? Like which agencies/companies do you work with?