Is Paying Off Mortgage Early Worth It?

Jill on Money with Jill Schlesinger

Audacy

Education, Investing, Business, Self-improvement

4.6 • 1.9K Ratings

🗓️ 10 September 2021

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

With an extra $900 each month, does it make sense to pay extra on the mortgage, or put the money in the market?

Have a money question? Email us, ask jill [at] jill on money dot com.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

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0:00.0	Welcome to the Jill on Money Podcast.
0:05.7	It is Friday, September 10th, and this is the program that takes the mystery out of your
0:11.7	financial life.
0:12.7	Now, if you have some sort of financial question, or you have a question about what's going
0:17.0	on in the economy, or you're just trying to figure out whether or not you should ditch
0:21.4	your job.
0:22.4	You're going to be part of the great resignation.
0:24.3	Mark and I are here for you.
0:26.6	We are here simply to be another set of eyes, ears and opinion.
0:32.6	We're both certified financial planners, and so we'd love to help you out.
0:36.2	The way you contact us is you can send us an email, ask Jill at JillOnMoney.com, or if
0:42.8	you're on JillOnMoney.com, all you need to do is click the contact button.
0:48.4	And we will be here for you, poof, just like that.
0:51.4	So without further ado, let us get to your questions.
0:55.5	This is from Frank, and it is a retirement question.
0:58.9	Frank writes, my company offers both a pension type annuity, along with a 401k, in which
1:04.9	they contribute 3.5%.
1:07.3	They will be adjusting this scenario.
1:10.3	I will have to choose to continue the aforementioned route, or opt towards an 8% match on the 401k
1:17.9	contributions, and stop receiving the money into the pension.
1:21.4	I've got 20 years with a company, and I plan on another 20 more.
1:24.6	It puts me on the fence.
	...

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