Joe Ganley
Writing code since 1979
I have been a professional software engineer for over 10 years. I have written many kinds of software, but my particular strengths are interactive graphics applications, compilers and interpreters, and algorithms.

I also enjoy writing, woodworking, and home improvement. Also this.


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Thursday, July 08, 2004

Dueling financial advisors

I find it curious that two renowned financial advisors can disagree on a topic that seems like it ought to have a single objective, correct answer: Namely, paying down your mortgage.
Ric Edelman says to pay it as slowly as possible, Suze Orman says to pay it as quickly as possible. I have to agree with Edelman on this one, at least at today's interest rates. I can take the money I would've payed down on my mortage and put it in a CD ladder and make as much (or more) as the after-tax return on paying down my mortgage. Plus, there's a liquidity benefit: I don't have to sell my house to get at that money.

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