Should I pay a lump sum towards my mortgage principal? I’ve got $30k-$40k in a high yield (5.15%) Mortgage remaining is $170k at 2.99% (Bought early 2019. No I do not own a crystal ball) We’re still paying PMI, and have made upgrades to the house (fixed the unused pool). Question: Should I slap about $25k towards the mortgage principal to lower the amount we owe on the house and to eliminate PMI? I…

Should I pay off my student loan in lump sum? Hello, so I had approximately 45K in student loans and paid off about 15K during payment pause. However, now I am left with roughly $30K in student loans and have been thinking if I should pay off my student loan in a lump sum amount so that it isn’t hanging over my head. If I were to pay the lump sum amount, I’m wondering whether there’s a bett…

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retiring, need help with options: lump sum or annuity Made the decision to retire next January, so working to get all my ducks in a row, and now considering retirement benefit options. I’m wondering whether to take a lump sum of $500k or an annuity that pays $3.3k/month till I die and $2.5k/month to my spouse till they die if I go first. Also wondering what to do with the lump sum if I go that rout…

Student Loan Assistance – pay down in lump sum or monthly payments Hi Reddit Squad, Hoping to get some thoughts on this prior to student loan interest kicking back in. I am 32M, married (30F). My wife’s job is stable and so is mine— both with growth potential. Together we make 250k+/ year before taxes. We own a home and mortgage payments are 20% of our monthly income. We were very fortunate to save some mone…

Should we take the lump sum from wife’s old job? Bottom line – I make $200k plus about 20% bonus, she makes 70k but is planning to retire soon. She’s 58. I’m 53. I plan to work for about 10 more years. The job she worked in her 20’s has a retirement plan and they’re currently offering a lump sum of about 75k or a monthly payment of $625 (with 50% of that to me if she dies). We have about 9000k…

Opportunity to rent my home significant lump sum As the title states, I have an opportunity to rent my home for $2400 a month, paid upfront in one lump sum, for a total of $28,800. The mortgage is currently slightly less than $1000 and I live in the home. I of course would have to move out and find somewhere to live. An apartment in my area anywhere from $1300-$1700. I currently make $81.9k/ye…

What should I do with lump sum of money. Any tips? So I just came up on about 125k. After I pay my debt off ill be at around 95k. Made this money on passive income. I’m not always this lucky and before I would only sometimes every few months make decent money. I’ve had lots of. money before, and I’ve blown it too many times on traveling, shopping, and gambling. I’m trying to fight off a seriou…