inheriting 100,000 next month, better off paying towards my mortgage ( owe 113k at 4.2%) or invest in sp500index? I'm thinking of trying to hold off investing until the market starts to nose dive, as I feel there will be a substantial dip in the next 2 years and would love to capitalize on that. Advantages of paying off mortgage is i'm on income based repayments ( with public service loan forgiveness) on student loans, and by paying off mortgage early, can use income towards retirement as opposed to mortgage, thereby reducing gross income and therefore monthly student loan payments ( that disappear in 5 years regardless of how much I paid)
Submitted October 07, 2018 at 12:36PM by PretendHumanBeing https://ift.tt/2IH0ffd
