Paying off mortgage sooner or contribute in DCPP

Jump to Page:
< Previous [ 1 ] Next >

nazim747
Member since: Nov 06

Posts: 106
Location:
Post ID: #PID

Posted on: 26-09-11 17:26:31

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.

Jump to Page: < Previous [ 1 ] Next >

Show Printable version

Send this page to a friend

Add to favorites

Discussions similar to: Paying off mortgage sooner or contribute in DCPP
	Topic	Forum	Views	Replies
	Sticky: Old Doordarshan Serials ! Your Pick ? ( 1 2 3 ... Last )	Filmi Gupshup	195258	193
	And we say there is no racism in Canada ( 1 2 3 ... Last )	Life	28388	154
	DRIVER’S HANDBOOK NOTES	Just Landed	5519	2
	Life Insurance ( 1 2 3 ... Last )	Insurance	17560	54
	retirement PLANNING, LIFE Insuraance	Insurance	1705	0
	Top Eight Reasons NOT to immigrate to Canada ** ( 1 2 3 ... Last )	Jobs	65178	324
	Interest rate/prime rate - need help	Real Estate & Mortgages	1892	2
	Top Eight Reasons NOT to immigrate to Canada ( 1 2 3 4 )	Moving Soon	9171	27
	Nine ways to save on taxes using RRSPs ( 1 2 3 )	Financial Planning	6343	19
	Sticky: RRSP 101 (All RSP questions answered) ( 1 2 3 ... Last ) Tax benefits for Canadian Residents	Financial Planning	131090	121
	Sticky: All Home Hunters Unite! ( 1 2 3 ... Last )	Real Estate & Mortgages	68053	201
	Pension can send home country After Retirement in canada	Family Class	2617	3
	Lease agreement- Problem at the end of lease ( 1 2 3 )	Real Estate & Mortgages	9163	20
	Mortgage Paydown Vs RRSP ( 1 2 3 ... Last )	Financial Planning	9790	39
	TFSA ( 1 2 )	Financial Planning	2554	7
	Dark Side of Dubai !	General	3622	4
	President Obama's speech at Cairo University ( 1 2 )	General	1823	7
	The Best Answers to Tough Interview Questions ( 1 2 3 4 )	Jobs	10410	24
	Yahoo Article. 10 Reasons You Shouldn't Retire	Financial Planning	2017	2
	Is university worth it ?	Study	2801	1
	TN Visa to Green Card ( 1 2 3 4 5 )	USA	9470	31
	Paying off mortgage sooner or contribute in DCPP	Financial Planning	2395	0
	employer pension plan ( 1 2 )	Financial Planning	5902	11
	Express Entry NEW. EDIT 14 28th JANUARY 2019. ( 1 2 )	Independent Category	15631	8
	WHODATHUNKIT ( 1 2 3 )	General	9141	17

Charcha

Paying off mortgage sooner or contribute in DCPP

Discussions similar to: Paying off mortgage sooner or contribute in DCPP