Conservative. Idaho. Software engineer. Historian. Trying to prevent Idiocracy from becoming a documentary.
Email complaints/requests about copyright infringement to clayton @ claytoncramer.com. Reminder: the last copyright troll that bothered me went bankrupt.
"And we know that all things work together for good to them that love God, to them who are the called according to his purpose." -- Rom. 8:28Wednesday, April 13, 2011
No, It Still Makes Sense To Make House Payments
I mentioned a couple of days ago that I was not getting any tax advantage anymore from my house mortgage interest, because I pay so little interest, and it might be time to pay it off. But it turns out that the amount of interest that I pay is so little that I only have to earn about 3% interest net taxes on my savings to make the mortgage a wash. That is not at all difficult to do. Even my PayPal account pays 3% interest, and tying the money up in a 30 year Treasury will give more then 4.5% at the moment--so it comes out, after taxes, at better than 3%.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment