Hi there,
Me and my wife both work for a company where company puts in 5% towards DCPP (Defined contribution pention plan). We then have option to contribute upto 13% towards DCPP which we are doing right now.
We own a house and have a mortgage of about 150K. Question, is it worth cobtributing towards DCPP or worth stopping DCPP and push to pay mortgage sooner.
I know this depends on our age i.e. how close we are towards retirement, the annual interest rate we paying for the house etc etc. But what is a general suggestion as i would like to hear from any financial planners/experts here.
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