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Why the Dave Ramsey 'Pay Off the Mortgage' Rule Is Costing High-Income Households $400,000 Over a 25-Year Retirement
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Why the Dave Ramsey 'Pay Off the Mortgage' Rule Is Costing High-Income Households $400,000 Over a 25-Year Retirement
The post Why the Dave Ramsey ‘Pay Off the Mortgage’ Rule Is Costing High-Income Households $400,000 Over a 25-Year Retirement appeared first on 24/7 Wall St.. Quick Read A 5.25% mortgage paired with 7% market returns costs a $400,000-income household roughly $400,000 in retirement spending power by prioritizing prepayment over investing. This strategy works for households drowning in high-interest debt, but backfires for high earners with fix…
·New York, United States
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Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
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