Hi Mustachians,
I could use some advice. Mama of two teens, married, living simply, contibuting max to 401 (k) and Roth IRA. After all bills are paid (we could pare down more, but at this point) I thankfully have between $300-$400 per month to do something more with (this is a new situation for us). My husband is debt-averse, like me, but also fairly averse to investing in the market. Because of this, plus first son off to college in a little over two years, I've been putting all the extra I can toward morgage principal (we still owe $61,000 at 4.25% on a 30-yr fixed).
Is this a silly strategy? It seemed safe and solid, plus won't affect sons' ability to get loans/scholarships for school, more comfortable to my husband than index funds. Yet we're also locking all that money up, no liquidity, and return could be much greater elsewhere. I'd also like to buy a rental property, but prices are quite high in our area.
Ideas?