We had some great discussion today around the above scenario. There was lots of discussion around the benefits and disadvantages of the different options. This included the value of things rising, when you will most need the money, emergencies, experiences vs things, accrued interest, long term and short term thinking, etc. There was a spread of decisions however the one with the most votes was the 20 year option with allowance for 2 access times (5% interest per year).
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