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Retirement Savers are in a Holding Pattern

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Mortgage

I most certainly agree with Mr. GoTo. I did a version of this during the tech crash of 2001-2002 and paid off my 6% mortgage. Now I've diverted my old mortgage payment to the purchase of stock index funds at prices not seen in more than a decade.

Dave of CA @ Dec 09, 2008 23:58:19 PM

If we're actually having the deflation some say we're having, cash in the FDIC bank ain't a bad place to be invested.

of @ Dec 09, 2008 12:57:29 PM

Retirement Saving in a Holding Pattern

Actually, diverting some investment cash to paying off the mortgage is a very good strategy in this market. Guaranteed 6% tax free return and, when finished, tax free shelter services in retirement. The investment industry doesn't like this of course because it costs them money.

Mr. GoToRetirement of TN @ Dec 09, 2008 12:52:41 PM

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