{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/69c148bb1a160b44db9c8fcc/6a741f57c3e1347e8b48345c?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Should I pay off a low-rate mortgage or invest?","description":"<p>1041. If you have extra cash, should you pay off a low-interest mortgage or invest it? Laura answers a listener’s question about balancing financial math with the emotional peace of mind that comes from being mortgage-free.</p><p><strong>Key Takeaways:</strong></p><ul><li>Paying off a debt yields a guaranteed return equal to your loan’s interest rate.</li><li>Make sure you have a healthy emergency fund before making extra debt payments.</li><li>Consistently investing 10% to 15% of your income for retirement and capturing any employer matching should take priority over prepaying a low-interest debt.</li><li>Eliminate high-interest debt, like credit cards, as soon as possible.&nbsp;</li><li>Low-interest, tax-deductible debt, such as a mortgage should be your lowest payoff priority.</li><li>Younger investors benefit from decades of compounding market returns, while pre-retirees should focus on preserving wealth and reducing living expenses.</li></ul><p><strong>Discover more from Money Girl!</strong></p><p><a href=\"https://www.facebook.com/MoneyGirlQDT\" rel=\"noopener noreferrer\" target=\"_blank\">Facebook</a></p><p><a href=\"https://www.quickanddirtytips.com/money-girl-newsletterhttps://www.quickanddirtytips.com/newsletters\" rel=\"noopener noreferrer\" target=\"_blank\">Newsletter</a></p><p>Transcripts available at <a href=\"https://www.quickanddirtytips.com/transcripts/money-girl/\" rel=\"noopener noreferrer\" target=\"_blank\">QuickandDirtyTips.com</a>.</p><p>Email: Laura@LauraDAdams.com or leave a voicemail: (302) 364-0308.</p>","author_name":"QuickAndDirtyTips.com"}