You will probably make more money on the TSP investment than you are paying mortgage interest and would lose tax benefit from the mortgage. It all depends on amounts of money and time, though. Keep in mind that what you take out of TSP is taxed as income, too. I chose to stay invested rather than pay off mortgage for those reasons.
On Fri, Apr 29, 2016, 1:15 PM sticksandstones66@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:
My house probably wont be paid off at retirement. Its small manageable home. The mortgage payment is not big and its competitive with an apartment. This is probably a very general question that requires more information but what advice would anyone have using a portion of my TSP to pay off my home?
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Posted by: Sherry Bauer <sherry.bauer@gmail.com>
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Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.
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