Invest or Pay Off the Mortgage? - 436

It’s a common question: should you pay off your mortgage when you have extra cash, or invest for retirement? Joe and Big Al spitball on how Ms. Moneybags and her wife-to-be should use their upcoming windfall. Plus, what should Bob’s asset allocation be as he nears retirement? Should Harley and Harlene do Roth conversions after tax rates increase, and should they take advantage of net unrealized appreciation (NUA) on Harlene’s company stock? Pete needs a 13 year retirement plan sanity check, Lauren wants to know if she can retire early or at least go part time, and Michael and Carol want the fellas to spitball whether they’re on track for retirement.

Timestamps:

• 00:57 - Should We Pay Off the Mortgage or Invest Our Windfall On the Way? (Ms. Money Bags)
• 09:00 - What Should My Asset Allocation Be When Nearing Retirement? (Bob in New York)
• 17:21 - Should We Convert to Roth After Tax Rates Go Up? Should We Leverage NUA? (Harley)
• 29:04 - 10-13 Year Retirement Plan Spitball Sanity Check (Pete, AL)
• 38:15 - Can I Retire Early or Go Part Time and Stop Contributing to 401(k)? (Lauren, IL)
• 43:17 - Retirement Spitball: Are We On Track? (Michael & Carol, Las Vegas)
• 48:24 - The Derails

Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw_436

• Portfolio Tracker: How to Manage Your Assets at Any Age
• Episode Transcript
• Ask Joe & Big Al On Air