About 400k in savings/cash and thinking of paying of my home loan of 191 k remaining? Remaining in cd at 3.25 percent - thoughts?

Posting as :
works at
You are currently posting as works at

Put the 400k in the stock market. If it makes you feel better pay 500 or 1000 additional on your mortgage every month.

likesmart

This

At 3.25 maybe not. Keep paying the mortgage.

like

I prefer being out of debt events low interest rates. That being said $191k payoff at 3.25 is a lot of money taken out of the market so take the gap between market gains and your interest into some serious consideration.

funny

Put max (10k) in i-bonds right now for starters.

like

Yes 40k total for our four member family not included in 400k

What’s your mortgage interest rate? If it’s low,, wouldn’t do this.

“Wait until the market comes down” is never going to be good advice

There is a also a tax deduction on mortgage interest making the overall cost of interest less for many peope. I'd check with your tax person before making a decision on that.

CD way too conservative, you’re not even beating inflation - buy stocks - or index funds - after paying off mortgage.

I’d personally invest all into stocks and or index funds. And not pay off mortgage. You can earn more in the markets than house value. But depends on house market where it’s at.

Related Posts

Tech Mahindra Hi Fishes,

I joined TCS 1.5 years back only in Oct20 as an Asso Consutlt (C3B).
in Jan22, I appeared for Tech Mah interview process and got selected as a Project Manager position, they have offered me 40% hike.

Currently I am on notice period, resigned from TCS last month but still not very convinced with my decision there is still a 2nd thought like whether should I join TechM (obviously bcoz of leaving TCS and its facilities, job security and no hire back policy).

Please guide me.
YOE- 14+

Hey Nate! My name is Shiv

like

I am working on a creative side project with a friend and i’m just starting to feel like maybe we aren’t a match and maybe we shouldn’t continue working on this project together. How should I approach this conversation?

like

Any thoughts on Iron Condors on DOCU?

like

McKinsey & Company Hi Fishes,

McKinsey & Company is hiring for front end, back end and full stack developers. DM/comment resume if interested

Okay maybe get a sip of this coffee today?

Post Photo
likeuplifting

Damn! Had no idea this bowl existed till 1 minute ago! Most likely the best bowl on the app and I feel like the last several months of reading through pointless posts finally paid off! 😄

likefunny

How is the billable rate for each associate determined at your firm? Does everyone in the same class bill out at the same rate?

like

What's your EPAM Anywhere Joining date.. Mine is Jan 10

Any recommendations on where a fresh graduate should live? Near a blue line stop to access Ohare as well as downtown easily?

like

My company is really looking to expand our CRM/Salesforce Practice with functional Salesforce Consultants. No matter what message I put out, I have not been experiencing much traction from LinkedIn. We are a smaller boutique firm and implementation partner. Any tips?

like

I just was in a 3 process interview, which included modern hire interview, interview with hiring manager and interview with senior director(Boss’s boss) for another company. The hiring manager liked me and the interview went well to progress, the next interview also went well. In this situation who would make the final decision to hire me? And what would be the reasons I could miss out on the job after having a 30 min final interview (FIT) with the senior director

like

Thoughts on renters insurance? My building doesn’t require it but companies like Lemonade offer decent prices. I’m wondering if it’s worth some peace of mind

like

Fully aware this is a newbie question. Looking for the best way to get started in purchasing stocks. I used to use E-Trade back in high school like 11 years ago, but stayed away to focus on paying

like

Hi! I just got converted to full time as a intern, and received this email about 401k which I don’t quite understand. Does the 3% means the match that company gives to me for free? So I don’t have to contribute anything to my 401k while getting free 3% match money? Thank you!!

Post Photo

Everything the senior managers told me about working in industry...same thing every month, boring, slow....all way off. Find a good company and don’t believe that talk. So much happier

like

Hey creative recruiters, where do you look for the candidates most? LinkedIn search, coworkers, wnw, somewhere else?

like

My SO and I have had so many video calls while WFH that our pup thinks his name is “OK, bye!”

Post Photo
likefunny

anyone need a freelance art director/designer?(offsite, quick turnarounds)

like

Additional Posts in Chicago Consulting

Any moving & storage recommendations? Need to keep my 1BR furniture somewhere for three weeks.

like

Anyone heard of “Junior League of Chicago?” Worth it? Looking for something to get more involved in.

like

Does anyone here know of any good apartment brokers in Chicago?

2br 1 ba $1550/month - Buena Park neighborhood and need the lake . Available 8/1 and requires a vetting process as it’s s condo. PM me if interested

like

Best Friday lunch spots in river north or Fulton market?

like

What’s the hair salon situation now? Any recommendation for Asian Male straight hair?

like

What's a more lucrative career? IT related job or HCM/WD Consultant?

Looking for a career change and would just love to know that I would be able to move forward with a company in terms of positions & pay.

Thank you!

like

Best biryani in downtown chicago?

like

Anyone in need of a new media center? Walnut wood, west elm and very well made/sturdy. Minor cat scratches on the left side. $100 OBO. Aiming to have it gone by Monday.

Post Photo
like

Anyone interested in a fully loaded Herman miller Aeron size b in titanium color?

like

Any recommendations for a nice lounge with live music in the river north area? Would like to go after dinner tomorrow. Thank you.

like

Any consultant here who has worked at Citadel or knows someone who is working at Citadel? A recruiter from there reached out to me today, and I got the sense that the culture there is more intense compared to consulting. How would you compare Citadel vs MBB on the below points:

a) Culture
b) Diversity (I am an international student and a person of color, and my sense is that Citadel is not as international)
c) Comp trajectory

Thanks!

Has anyone else gone back to relying more on public transportation with the surging Uber / Lyft prices. Trips to and from ohare are costing me about as much as the plane tickets themselves, and even simple things like meeting a friend for dinner in another neighborhood ends up costing around $80 in transportation costs. I haven’t taken buses and trains much since I’ve graduated but now it just feels like I’m throwing money out the window by not making the switch back.

like

Chicago 🐠 living in downtown: Are you guys going out for walk? Got an emergency alert few days back that mentioned parks being closed. So wanted to get some ideas. New to the city! TIA 🙏

like

I have a 2 bed room condo in the heart of chicago downtown 208 w washington , full service , 2 bed room, 2 full bath , in unit laundry, gym, business center, 24 hours doorman. Anyone interested please DM me thanks

like

Any recommendations for a good mover for cross country move? It’s about a 1000 sq ft one bedroom so not a ton of stuff but can’t use PODs due to building requirements

like

Everyone please wear a mask and continue to encourage your friends and family to wear one as well! This summer has been great and not bad as I thought it be. Thanks!

like

I see job openings for Walgreens on the corporate side all the time. Does anyone in this bowl work at Walgreens and willing to provide info on company culture?

likefunny

What are some indoor tennis clubs in the city? Midtown athletic club is one option but i already have a gym membership. Any others? Any for the neighboring suburbs?

like

Long story short - Illinois IRS made me submit W2s for tax correction due to working out of state. Illinois IRS told me not to pay the amount remaining until my W2s were reviewed and I received a letter of the decision. Told multiple times not to pay and that my account was on hold. NOW they assessed a penalty and was told the call center can’t fix this after. I called in July to get this done before deadlines. What can I do. I was specifically told not to pay and that the penalty won’t b there

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal