Gayle Lake, Broker GRI
REALTOR®
(DRE License Number 00472690)
LGL PROPERTIES 4407 Freeport Blvd Sacramento,
CA
95822 916.449.6000 ext 202 916.799.8500 Contact Me Visit My Web Site Print Newsletter
Avoid house-rich, cash-poor pickle DEAR BENNY: I am 58 years old and married. I have 22 years left on my 30-year mortgage, which is at 5 percent. I have a Roth IRA. I have some extra money to invest. In this current economy, what might you suggest? Should I pay money toward the principal on my mortgage? Put it in the Roth? I lost money in the stock market (bank stocks), so please don't suggest that I go back into stocks. Thanks in advance for any knowledge you might share.
--Tommy
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