Re:Ask HN: Just cashed out for 2M. What now?
by andrewljohnson on Thursday February 19, 2009 @01:53PM
(#487648)
It's not necessarily true that you want to pay of your mortgage.
Mortgage's have tax benefits, and if you have a mortgage at the prime rate, then your money is likely more valuable invested elsewhere, while you pay the mortgage.
Mortgage's have tax benefits, and if you have a mortgage at the prime rate, then your money is likely more valuable invested elsewhere, while you pay the mortgage.
High interest credit cards are another story.