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ACCOUNTANT EXPLAINS Should You Pay Off Your Mortgage Early or Invest for Retirement 7 месяцев назад


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ACCOUNTANT EXPLAINS Should You Pay Off Your Mortgage Early or Invest for Retirement

Financial Freedom Template ➡️ https://www.gabrielletalksmoney.com/p... If you are a homeowner and have some extra cash set aside - you probably asked yourself: is it better to make an extra payment towards your mortgage or invest that money towards your retirement? In this video, we are going to go over whether you are better off making an extra payment towards your mortgage or contributing to your retirement fund. We will also cover how much money you need to retire, taking into consideration your home costs. 00:00 Intro 01:00 Pay off Mortgage vs. Invest in Retirement Calculation 09:04 How Much Money Needed to Retire Calculation 13:07 How Assumptions Affect Your Decision 14:56 Takeaways & Pros and Cons Disclaimer: Note this video is not financial nor accounting/tax advice and should be used for entertainment purposes only. Consult with your own financial advisor, accountant and/or tax advisor for advice related to your specific situation. ________________________________ MY FAV TOOLS [WEALTHSIMPLE] Earn💰$25 Cash Reward when you sign up & fund a Wealthsimple Account: https://my.wealthsimple.com/app/publi... [EQUIFAX] Protect yourself against Identity Theft and take control of your Credit Score with Equifax Complete™ Premier: https://api.fintelconnect.com/t/l/663... ________________________________ FREE RESOURCES ➡️FREE BOOKKEEPING TEMPLATE https://www.gabrielletalksmoney.com/r... ➡️FREE BUDGETING TEMPLATE https://www.gabrielletalksmoney.com/r... ________________________________ CONNECT WITH ME 💼 Tax & Accounting Services: https://www.balanceandwealth.com/ 🌍 Blog: https://www.gabrielletalksmoney.com 📸 Instagram: @GabrielleTalksMoney ________________________________ WHO AM I: Gabrielle is a CPA and Tax Expert, as well as the founder of Balance + Wealth CPA, a licensed CPA firm that specializes in Tax. Prior to starting her business, Gabrielle worked as a Tax Manager at one of the Big 4 Accounting Firms for 7+ years, advising Fortune 500 companies. Gabrielle posts weekly videos on personal finance, business finance, and tax tips. ________________________________ *This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).

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