I am far away from calling myself a mustachian just yet, but hopefully get there sooner than later. My question today is about the money I am putting into a 401K. Currently I am paying (pre-tax) $10K into my 401K. I am getting a 4% employer match.
I have $202,000 left on my mortgage and pay an interest rate of 4.62% (fixed 30 year mortgage / 26 years left to pay).
I am not at the point to sell the house or to rent it out just yet, but I am wondering if I should reduce my 401K contribution down to 4% (to get the employer match) and to re-direct the remaining $6K into the mortgage to speed up the time to pay it off?
What's your take on this? Thanks.
Chris