Seeking input from our resident financial experts.
I’m in my 40s, have decent retirement savings and am already putting 12% percent of my salary a year into my 401K.
If I have a little extra money to play with each month, is it better to stash it into my 401K or should I put it into an extra payment to help pay down my home loan principal faster? I bought my house about 5 years ago with your standard 30-year loan and my interest rate is 3%
I’m in my 40s, have decent retirement savings and am already putting 12% percent of my salary a year into my 401K.
If I have a little extra money to play with each month, is it better to stash it into my 401K or should I put it into an extra payment to help pay down my home loan principal faster? I bought my house about 5 years ago with your standard 30-year loan and my interest rate is 3%
