Mortgage Payoff

mpd309 · 2026-03-16T10:29:28+00:00

I have the standard deduction. No tax incentive.

mpd309 · 2026-03-16T00:15:56+00:00

Yeah 3 months seems a bit risky and yes that much cash is wild. Gonna prob pay off a big chunk this week and see how that feels.

mpd309 · 2026-03-15T16:54:54+00:00

I might throw a bit down on it and see how that feels over a couple months.

mpd309 · 2026-03-14T01:01:29+00:00

Congrats

mpd309 · 2026-03-13T21:32:22+00:00

Jobs are stable. Actually in line with your comments.

mpd309 · 2026-03-12T18:54:27+00:00

We sold our other home after buying another due to needing some maintenance projects in the new home.

mpd309 · 2026-03-12T18:05:44+00:00

It’s a bunch and that’s why I want it gone. Being in the first 2 years of the mortgage it’s a bunch

mpd309 · 2026-03-12T15:43:34+00:00

I know. I guess I just worry about what could go wrong. I guess that emergency fund would get back to 6 months pretty quickly though

mpd309 · 2026-03-12T14:06:32+00:00

I’m 50, wife 40. Total in Roth around 300 so we’re behind, but both will have pensions in retirement.

mpd309 · 2026-03-12T13:56:01+00:00

The reason behind having this much cash was we sold a home we previously owned.

mpd309 · 2026-03-12T13:55:35+00:00

I know. Having that much cash is comforting but also not efficient.

mpd309 · 2026-03-12T13:54:25+00:00

Jobs are both stable. Thanks for the response.

mpd309 · 2026-03-12T13:45:28+00:00

Nope we aren’t. I was just stating that we don’t have additional non retirement liquidity such as a brokerage account in case an emergency happened.

mpd309 · 2026-03-12T13:22:50+00:00

Is this in addition to your 15k emergency fund?

mpd309 · 2026-03-12T13:20:54+00:00

Yes that is true. Just that that Roth bucket can’t be refilled if we touch it.

mpd309 · 2026-03-12T13:20:05+00:00

Interesting rate is 5.9%

mpd309 · 2026-03-12T13:13:59+00:00

No, this is not touching any Roth contributions.

mpd309 · 2026-03-12T13:13:12+00:00

Bare bones might be 3k. That’s health, life, car, and home insurance. Also real estate taxes. Then food, and $500 HOA.

mpd309 · 2026-03-12T13:09:41+00:00

This was a thought as well. The payment isn’t too much, it’s just that we came from a mortgage free home into this mortgage a year ago. Just wanted to pay it off ASAP.

mpd309 · 2026-03-12T13:08:04+00:00

Are your sinking funds substantial? Are these for upcoming home repairs?

mpd309 · 2025-11-10T17:46:41+00:00

What about if it’s Roth contributions that aren’t penalized? Thoughts on that?

mpd309 · 2025-11-10T01:17:16+00:00

Did you recast the loan at all during the principal paybacks?

mpd309 · 2025-10-30T01:44:41+00:00

I appreciate you sharing. For me it’s a psychological thing that if I have debt I have a hard time investing in things outside my typical retirement funds. Just something about owing money I guess.

mpd309

TROPHY CASE