I would advise you to fund your retirement account
before accelerating payments on your mortgage, for a number of reasons:
Not exact matches
That means it can make sense to
accelerate debt
payments before filing.
When you refinance and get a lower monthly
payment, you can continue to make the same
payment you were
before, which will
accelerate your repayment process considerably.
Accelerated payment of your estimated state tax
payment before Dec. 31 could allow additional itemized deduction benefits in tax year 2016.
In the event that the Insured dies after a written request for an
accelerated death benefit is submitted but
before payment is made and we receive written notice at our home office of this death, the request for an
accelerated death benefit will be considered void and no benefit will be paid under the rider.
As the name suggests, the total benefit under the life insurance remains same but the
payment is
accelerated i.e. the policy holder gets the benefit
before death.