Recently, my wife and I have been debating what the better option is:
1. Pay off the mortgage quicker
or
2. Increase retirement savings contributions
what makes more financial sense? I know that emotionally i would feel a lot better paying off the house but i think what might help me decide depends on a number of factors including:
size of mortgage, interest rate of mortgage, your age, how long to plan to live in the house, how much money do you have socked away for retirement, what kind of returns are you getting from your current investments (also what kind of investor are you?) and also what is the state of the economy (are we on shaky ground?)
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