Trying to decide whether to pay off my mortgage or not and if so, how to best do so.
Projected mortgage balance at FI: $300,000 @ 4.375% 30 year fixed.
Stash needed for FI while carrying mortgage $1,200,000
Stash needed for FI if I pay off the mortgage: $1,020,000
This assumes $1,020,000, -$300,000 to payoff mortgage, leaving a stash of $720,000
Paying off the mortgage reduces stash needed by $480,000.
Unless my math/facts are wrong, paying off my mortgage is significantly superior to not paying off my mortgage for FI.
(yes, I made a full thread about this elsewhere but thought I might get more eyes/input/discussion here as there won't be 100% overlap)