Paying off your mortgage is a great achievement, and it also frees you from the largest monthly expenses you will ever have to face. One couple in their 50s has an opportunity to make additional mortgage payments so they can get out of debt early, but they're also thinking about putting the extra money into the stock market.
The couple told Reddit that they have a 30-year mortgage at 3.55% APR and will pay it off in 11 years. However, the couple has $500 per month that they can put into the mortgage or stocks. The mortgage is their only debt, and they have $1.6 million in retirement.
