Whoa, ok so did some number crunching. So if I stop all retirement saving for 6 years, and put all of that into my mortgage principle, plus some extra aggressive payment. I can pay off my mortgage in 6-7 years.
That sound REALLY tempting and it sound like a big risk. I don't think I can convince my wife of this. Its a wild idea that my very cautious wife would be hard to convince.
Con is this push me behind in retirement fund, interest/gain, and some tax consideration for 6 years.
But if I don't have a mortgage in 6 years, that would be a good extra amount of money we CAN put into retirement. Plus it would only be a few years before I hit 50 and can put more in 401k as 'catch up'.
Thoughts? Crazy?
Man this idea is growing on me. It SOUND dangerous, and that article of investing instead of extra payment is convincing. But man....no mortgage in 6 years....