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Invest or Pay Down Mortgage

It’s the age-old question for those with spare cash:

a)  Invest the extra dough in an RSP; or,
b)  Pay your mortgage down first and then save for RSPs.

This Winnipeg Free Press story suggests that option A comes out ahead in the long-run for most people.  However, note the risks and assumptions that apply. For one thing, as the WFP puts it somewhat obviously:

"This strategy only works so long as the interest rate of the mortgage is less than the rate of return on the investment."