carolyntormala
New member
32 M
Net $4000 a month after expenses currently.
Federal DB Pension. (50% in my mid 40s)
No debt besides the mortgage.
Wife is not working and soon to be stay at home mom with baby on the way.
Mortgage up for renewal 2 Feb 2024 with 200k principal left.
TFSA: 160k (5.2% yield, all Canadian Blue Chip and ETFs)
CASH: 60k
Can’t decide if I should liquidate the TFSA and be mortgage free or renew at 5.7%?
If I liquidate I would aim to contribute 48k a year back into TFSA in one ETF like XEQT.
I planned to just renew the mortgage but now with a baby on the way and being more busy with work I’ve been toying with the idea of just paying the mortgage and living life a little more and stressing less over saving… I’ve been very “cheap” and aggressively saving since I was 16.
Any one that has had a decision like this I’d like to hear what you chose and how you feel about it now.
Net $4000 a month after expenses currently.
Federal DB Pension. (50% in my mid 40s)
No debt besides the mortgage.
Wife is not working and soon to be stay at home mom with baby on the way.
Mortgage up for renewal 2 Feb 2024 with 200k principal left.
TFSA: 160k (5.2% yield, all Canadian Blue Chip and ETFs)
CASH: 60k
Can’t decide if I should liquidate the TFSA and be mortgage free or renew at 5.7%?
If I liquidate I would aim to contribute 48k a year back into TFSA in one ETF like XEQT.
I planned to just renew the mortgage but now with a baby on the way and being more busy with work I’ve been toying with the idea of just paying the mortgage and living life a little more and stressing less over saving… I’ve been very “cheap” and aggressively saving since I was 16.
Any one that has had a decision like this I’d like to hear what you chose and how you feel about it now.