@Anonymous wrote:
This has been a super helpful discussion. Definitely will set my mortgage to autopay the equivalent of one extra payment per year. My rate is low so I don't think it makes sense to pay more.
I don't qualify for a Roth IRA, it turns out. So I think my original plan of focusing on emergency fund + investments was smart at this stage. I'll just include maxing the HSA and one extra mortgage payment based on this discussion.
It turns out that 2 extra payments per year towards principal chops 8 years off your mortgage on average, if you start early.
If your income disqualifies you from a Roth IRA, you can do a yearly backdoor Roth conversion. Most places allow you to quickly do the conversion on line. Your company may also allow a mega backdoor Roth rollover of after-tax contributions to retirement -- check your 401k and Roth 401k plan.
