Submitted by Niko120 t3_11emrhz in personalfinance
Niko120 OP t1_jaexp5b wrote
Reply to comment by wickedkittylitter in Should I pay off my mortgage early? by Niko120
Even in a high yield savings account at 4% return (this is how we are currently investing) her 70+my 50 would would only get us $33,600 in that 6yr period that’s less than half of what we would save on the interest of the mortgage
Rave-Unicorn-Votive t1_jaey7on wrote
But you don't "invest" $120k in a HYSA, you invest in the market which will likely pay more than 4% over the next 20 years.
wickedkittylitter t1_jaf04fh wrote
You aren't investing if all your money is in a HYSA. You're saving.
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