We recently came into $100K unexpectedly. We are 40 years old. We owe $250K on a 6.7% mortgage.
Our retirement is on track for our predicted living expenses, plus some additional cushion.
Would you use the $100K to pay down the 6.7% mortgage; or invest in a joint brokerage?
Yes, we would likely net more in the market, but at our interest rate possibly not so the emotional advantage of no mortgage could edge up the advantage of the pay off vs investing.
What do you think?
Edit: For most who say MORTGAGE, would you dump into principal now, or hold in market/HYSA until I can fully pay off.