Is It Smart to Pay Off Your Mortgage?
If you’ve ever considered taking some extra money and paying down (or paying off) your home mortgage, you may have found that arriving at a decision wasn’t as easy as you thought. The choice usually is this: either put those funds toward the mortgage, or invest it and hope for greater net returns.
There are two aspects to consider here: the emotional and the rational. And those two are often in conflict with one another. How do you decide what to do?
Our “Professor” Rick Plum, CFP® addresses these concerns and offers a few helpful suggestions on what you should be thinking about on this week’s edition of Lucia Capital Group Weekly!
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You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.
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Examples cited are hypothetical, are for illustrative purposes only, are not guaranteed and subject to potential federal and state law amendments. There is no guarantee that you will achieve the results discussed or illustrated.
Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.