Why Paying Off Your Mortgage Could Cost You More Than Investing

On a recent NerdWallet Smart Money Podcast segment, the host worked through a scenario any retirement-minded homeowner has considered. Take a $1,000 mortgage payment. Throw it at principal and you save interest. Invest that same thousand in the S&P 500 instead. And, depending on which average return you plug in, the answer flips. After running ... Why Paying Off Your Mortgage Could Cost You More Than Investing