Hi all, first time posting here. Had a quick question. Received a raise this year of 4k. I was just going to up my 401k contribution but was thinking about dumping it on additional principle for the house. My 401k has done tremendously well in the past (22% last year) but I want to retire at 55 (44 this year) and having the house paid off is a must for that to happen.
Additional info:
Currently at 8% into 401k which allows for the full 4% company match.
House loan is 4.2%@30 years with 22 left. If I make an additional 300 per month, I can get it to 15 years left and save 32K in interest.
Also have a full military retirement at age 60 and an Employer pension payable at 59.5.
Leaning towards the house but wanted to get any suggestions.
Thanks.
Edit: Added current age and additional retirement funds.
Submitted February 15, 2018 at 10:51AM by cigarfanatic http://ift.tt/2Etrd7k
