In r/personalfinance, a high-engagement debate weighs liquidating a taxable brokerage to eliminate a 6 percent mortgage versus keeping market exposure, factoring capital gains, mortgage interest deduction, and the psychological value of being debt-free.
Should I liquidate my brokerage account to pay off a 6% mortgage?
Mortgage Interest Rate: 6%
Brokerage Account (Non-retirement): $900k
How much taxes are you gonna owe? I don't see how paying 15-20% capital gains tax rate is better than paying 6%.
You have almost $1M invested, why would you want to wipe that completely out and start all over again?
Historically, people who have the money invested in the market rather than in their house ended up better off
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