Thursday, September 17, 2015

Should I invest in college savings plan or pay back my mortgage early?


We have 3 kids (8, 7, 5). Our income $300k/year. We owe $350K on mortgage with 9 years remaining. We maxed out IRA and 401k for both of us. We have extra $20,000/year should we invest them in college savings plan (529) or pay extra mortgage early?

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