This would pay off our mortgage and we could dump that monthly payment into saving for retirement.
However, if the question was how much do we need then it would be $0. We are far more fortunate than many.
If there was a line of all the people in this comment section waiting to get whatever amount they need I’d be one of those continuously moving to the back to let others go first.
I hope you all find improved quality of life, even if it’s not through some financial windfall!
You’d be better off keeping the mortgage, since it’s about the cheapest leverage your average person has access to, and investing the lump sum. Net present value, baby.
$208,063.88
This would pay off our mortgage and we could dump that monthly payment into saving for retirement.
However, if the question was how much do we need then it would be $0. We are far more fortunate than many.
If there was a line of all the people in this comment section waiting to get whatever amount they need I’d be one of those continuously moving to the back to let others go first.
I hope you all find improved quality of life, even if it’s not through some financial windfall!
You’d be better off keeping the mortgage, since it’s about the cheapest leverage your average person has access to, and investing the lump sum. Net present value, baby.
No thanks! I’ll take housing that only costs me property taxes. Tomorrow isn’t guaranteed so I’d take that certainty today.