Pay off mortgage or invest? The math tells the story - 2005-05-04
Two weeks ago a reader, D.J., sent a good question. The sale of a recently inherited house would bring enough money to pay off the mortgage on his home.
His question: Should he pay off the mortgage or put the money in investments? D.J., looking backward, was thinking the Vanguard Wellington fund would be a good choice. Given perfect hindsight, it would have been. With $100,000 to invest or pay off his mortgage.
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