Part 2/6:
Zach describes himself as being in excellent shape financially, being in his early 30s alongside his wife. With a mortgage of $80,000 on their house and $100,000 saved up, the couple appears well-positioned. They prioritize their finances, having successfully navigated to being mostly debt-free. The main focus of Zach’s call is whether to pay off their mortgage immediately or to invest in retirement funds.
Understanding Debt and Investment
The conversation quickly pivots to Zach’s decision-making process around his mortgage and retirement savings. With $100,000 in savings, paying off the $80,000 mortgage would leave them with $20,000. Zach is keen on understanding the implications from both a financial and emotional standpoint.