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I am looking at buying a house that is $425k. I have the ability to pay cash but not sure if I should, as mortgage interest is tax deductible and usually helps soften the blow with income taxes.

Currently I receive about $150k/year paid to me by a trust fund, I also have a $75k/year sales job.

I have the entire $425k in a money market account, basically just sitting there, so it would not require any withdrawal from any long-term investment accounts on my part.

Is this a good idea?



Submitted January 22, 2017 at 03:26PM by Sharnbrez http://ift.tt/2jmkUYv

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