info
The question some homeowners wrestle with is: Should I pay off my home early, or should I invest the difference? The best way to find out is to run the numbers. And so we did, and we realized that depending on your investment, if you have a good rate of return, it might be better to invest and then eventually pay off your home earlier with the compound interest. In our example, we did it in 23 years; we were able to pay off the home and still have money for retirement. Remember, this example is for someone who, after 23 years, retired and was able to withdraw the money without paying taxes on their gains. You can still do the same thing. If you don't have a retirement plan, you just get less back. #Homeownership #EarlyRepayment #Investing #RetirementPlanning #FinancialFreedom #CompoundInterest π π°ππ
Duration: 59 sPosted : Wed, 17 Apr 2024 23:58:05Views
4.7KDaily-
Likes
118Daily-
Comments
16Daily-
Shares
34Daily-
ER
3.55%Daily-
Latest