Afford Anything cover image

Afford Anything

Q&A: Sell Your Home or Stay Put?

Jun 18, 2024
56:44
Snipd AI
Listen to former financial planner Joe Saul-Sehy and the host tackle questions about managing multiple home sales, maximizing retirement plans with multiple jobs, and considering a 3-2-1 buydown mortgage. Explore the emotional and financial considerations of paying off a mortgage vs. investing, differences between 401k and 457 retirement plans, and tips for upgrading to a larger home. Delve into the nuances of decision-making and life choices in this episode.
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Podcast summary created with Snipd AI

Quick takeaways

  • Assess the impact of paying off a mortgage early on retirement goals and broader financial objectives.
  • Understand the nuances of contributing to different retirement accounts to optimize long-term savings and investment decisions.

Deep dives

Consider the Full Context of the Decision When Deciding Whether to Pay Off a Mortgage Early

When considering paying off a mortgage early, it is crucial to look at the bigger picture beyond just the incentives presented, such as a 3-2-1 buy down mortgage. Evaluating how such a decision aligns with broader financial goals and potential impacts on other financial endeavors is essential. By assessing how this choice may affect retirement goals and other financial objectives, a more informed decision can be made.

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