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Is it a good idea to aggressively pay off mortgage (after maxing out 401k) or invest in mutual funds and take advantage of low mortgage rates?

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Payoff. Debt free life

likefunnysmart

In a higher inflationary environment debt is a good thing to have - would invest

likehelpful

I would take advantage of low mortgage rate and invest my money so it can grow.

likehelpful

Invest

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Invest no question. Net worth long run will benefit. Ignore the psychological benefits of being debt free - those emotions aren’t backed with fact and logic.

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You are correct that there is no benefit if you take the standard deduction. Which is admittedly more common these days since state and local deductions were capped at 10k and standard deductions increased a few years ago.

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Don’t pay it off. Your return in the market will be higher than the interest on the loan. Use the money to invest.

likehelpful

Use math, it will give a definitive answer. If investments provide you more money than the debt interest costs you…

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Invest

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Dave Ramsey says to do it!!! Love him or hate him, he has helped create Millionaires

We are likely unfortunately too financially savvy than the average American. That said, he’s running a business and need to go “mass market”. He has done a pretty amazing job though if you think about it - not sure what his background is, but forming the following and almost cult like behaviour, he’s also making millions from it, from his show, speeches and appearance fees and even products. I envy the guy, especially since all his knowledge can be had from a Google search and some library books

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