should i put my extra money in my ROTH account or pay towards my mortgage principle?

Tips and Deals Forums Home Insurance should i put my extra money in my ROTH account or pay towards my mortgage principle?

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 7 years ago.

  • Author
    Posts
  • #387116

    Anonymous

    I have put enough money in my emergency funds to cover the living expenses for 6-8 months.

    Each month I have about $ 500 extra.

    Since I have purchased my 1st home, I have temporarily stopped putting money in my ROTH acount. Now that I have enough emergency fund, should I invest this $ 500 in my ROTH or pay towards the principle.

    My interest rate is 4.375% (30 year mortgage) and I have 29 years to go.
    I am 47 years old.

    Thanks to all answers.

You must be logged in to reply to this topic.

Register New Account
Reset Password