On Thu, 17 Sep 2009 21:35:40 -0700, "Bill McKee"
wrote:


wrote in message
.. .
On Thu, 17 Sep 2009 06:53:29 -0400, JohnH
wrote:

Given - CD maturing. Amount sufficient to pay off mortgage. Mortgage
rate is 5.25%. New CD rates - 3% for five years, 4% for seven years.

What would you do?

Stock market exposure is high enough.

Will be at the golf course pondering the situation. Back later.

No, I don't want to buy a red barn.

I think BAR put his finger on it. If you itemize it is probably a
wash. Otherwise I would pay off the mortgage.

I would buy some good dividend paying stocks. Or General Obligation Muni
Bonds. Depending where you live you can get 5+ percent bonds. Not Revenue
bonds, but G.O's.


Will look into those also. Another finance person suggested those.

Thanks.
--

John H