It's been a long time since I have posted but I do read the site and forums weekly. Looking for some advice on what to do with my earnings the rest of this year and part of next.
Backstory
I recently was offered a job in the town I live in and I accepted. Cutting my commute down from about 19 miles each way to 1 mile run ach way. It's so awesome. Also in a much better working environment. I took about a 1k/yr pay cut to do so but that seemed very trivial to me considering the extra hour of time each day I have found myself with now due to the minimal commute. So far, I'm extremely happy that I made the change.
As with any job change, sometimes there are things that are not as good. I'm now ineligible to contribute to my new employers 401k for 1 year. Which will be May 2016. Also, my new employer does not offer a HDHP. So now I'm unable to contribute to my HSA account like I was. I was on pace to max out my 401k this year and was just starting to contribute to my HSA at a more aggressive rate. Anyways, I have 60k left on a mortgage and I was considering trying to pay down as much as possible on that until I'm 401k eligible again. If I now divert the 21k or so that I was planning on investing over to extra payments to the mortgage I think there is a chance that we could pay it off completely my next May. We were able to pay extra as is even with the 401k contributions, also there is about 20k in the bank which I could use to kill off the mortgage if we were within striking distance. The thought of a paid off house just sounds so awesome. Any thoughts on this plan? My interest rate is very good at 3.375% so I know that mathematically it doesn't make the most sense to pay early. FYI.. We are still on pace to max out a couple of ROTH iras for this year and do not plan on changing that. Thanks in advance for any insight!