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by janko309 on July 27th, 2008

janko309

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I have a 401K through my job with a balance around 200K. My wife and I are debt free except for a 180K mortgage. I am considering halting contributuions to the 401K and putting those $$ on the mortgage. I understand the tax impact. Smart move?

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  • by sloppywet on July 27th, 2008

    sloppywet

    yes' then stay debt free'

    Comments

    • That is horrible advice. With a properly invest 401k, in the long run he will have more money saved AND be debt free in the end by investing the money.

      NOYFB

      by NOYFB on July 27th, 2008

    • depends on what he wants to do' retire' an be debt free' travel maybe'

      sloppywet

      by sloppywet on July 27th, 2008

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You're reading I have a 401K through my job with a balance around 200K. My wife and I are debt free except for a 180K mortgage. I am considering halting contributuions to the 401K and putting those $$ on the mortgage. I understand the tax impact. Smart move?

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