I'm noticing a trend on here where some people are aggressively paying down their mortgage in lieu of more RRSP and TFSA contributions. In today's interest rate environment, what's the rationale for that?
I would have figured it to be smarter to use excess cash for RRSP and TFSA contributions because the returns in investments in those accounts should far exceed current mortgage rates. When interest rate normalize, then I can see switching back to an aggresive mortgage paydown strategy.
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