If you have other sources if income and can get cash if needed - then paying off is an OK idea.
But if the economy goes south and you need money and can not borrow, then you are is a bad situation. Also if things go south and you have cash, you are in a great position to take advantage of some buying opportunities. Nothing wrong with staying in cash and keeping your powder dry. If you do get into the market go 50% conservative stocks & 50% cash-- again keeping your powder dry. Don't try to make a living in the market. You will enjoy the $ 300,000 in the bank just as much as you home paid off. Remember your home pay off goes down every month, and you can pay off your loan any time in the future with the cash.. Just my Humble opinion.
But if the economy goes south and you need money and can not borrow, then you are is a bad situation. Also if things go south and you have cash, you are in a great position to take advantage of some buying opportunities. Nothing wrong with staying in cash and keeping your powder dry. If you do get into the market go 50% conservative stocks & 50% cash-- again keeping your powder dry. Don't try to make a living in the market. You will enjoy the $ 300,000 in the bank just as much as you home paid off. Remember your home pay off goes down every month, and you can pay off your loan any time in the future with the cash.. Just my Humble opinion.
