He's 49 with $300K in savings and $180K left on his mortgage — here's when payin
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Homeowners' biggest monthly expense is usually their mortgag
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Homeowners' biggest monthly expense is usually their mortgage. But if they get far enough along in their loan term, they may find themselves in the enviable position of being able to pay it off in full early.
If they choose not to, it might mean they are taking the calculated gamble that investing the money will reap long-term returns that surpass the lender's interest.
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Imagine someone named Eduardo, 49, who has $300,000 stored in a savings account — much more than the average savings account balance for adults aged 35 to 44, according to financial data firm SoFi (1). He's also dutifully paid off his mortgage for many years, but still has $180,000 left on the loan.
With retirement just over
Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/hes-49-300k-savings-180k-143000408.html)
Esta información no constituye asesoramiento de inversión. Consulte con un profesional antes de tomar decisiones financieras.