My grandmother recently died and left me a small inheritance; around the same time, I received a significant promotion and raise at work. After paying off basic debt (student loan, car, credit cards, etc.) and spoiling myself a little, I expect that have about $45k in “extra” money in 2019. I’m 33, own a home, but have almost nothing set aside for retirement.
Does it make more sense to pay down my 30 year mortgage (one year into it) to avoid paying compound interest down the road, or would it be better to invest or fund an IRA?
Submitted December 05, 2018 at 05:09PM by oldsaintkris https://ift.tt/2rndytK
