127 - Should I Pay Down My Mortgage or Invest‪?‬ Real Personal Finance

Scott and James discuss the new contributions limits (2022) and how that impacts our taxes.
Listener Question
My wife and I have two homes. One is our primary and the other is a weekend/getaway home. We have mortgages on each (each are 30-year fixed and below 3%). Our total monthly mortgage payment for both homes is 15.5% of our gross income. Does it make sense to take our extra cash and pay down the mortgages or to use that cash where it could earn more such as investments?
Planning Points Discussed
Retirement Planning Utilizing Time Efficiently Capital Appreciation Purchasing Power Other issues (IRAs, Inflation, Financial Goals, etc.) Timestamps:
3:26 - Income Considerations
6:28 - Outside Considerations
9:05 - Interest Rates
11:30 - Opportunity Cost
15:01 - Asset Allocation
18:04 - Borrowing Debt
19:52 - Aligning Your Financial Goals
 
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