Don't Rush To Pay Off That Mortgage

You've got better things to do with your money, like saving for retirement, building an emergency cushion or even living it up a little.

By Liz Pulliam Weston
MSN Money

READ ON!

That's a given for me. It's the same with my student loans. I didn't/don't have much left on it and seeing that I could put the money in to other avenues, I didn't rush.

I remember a friend of mine doing taxes for his parents with the situation being that they were near the end of paying off their mortgage. The way the tax laws are written, even though they were claiming zero dependents they were still making too much money to keep from owing the feds on April 15th.

Personal finances which is not emphasized at all in school has a lot of tradeoffs. This article put a lot of excellent info out there.

This is a very good article.

I was wrestling with this just last month when I came into a little extra cash, trying to decide what to do with it. I was going take a big chunk out of my mortgage, but decided to hold off on that for a minute. Glad I did! Now I have the money in an ING online mutual fund, which is doing quite well!