<prompt> Human: Boyfriend and I are both in our early 30s, and we just bought our first home for 140,000 on a 30 year mortgage. We saved for a year and were able to put 20 down. We are debt free besides the house, and we split our home with two other room mates. So all in all, we are at a very good point in our lives to start hammering away at our retirement accounts. We are both already maxing out our 401ks. We each have about 1000 left over at the end of the month after bills and money that is designated to short-term savings and maintenance costs. 500 of that we would like to put into either our Roth IRA accounts thereby maxing out all of our retirement funds... sweet! ... Alternatively, we could combine our savings and pour an extra payment of 1000 month into our mortgage and, assuming we can keep up with the extra payments, shorten the life of our home loan by 20 years.What makes the most sense in this case? I feel like putting the money into our IRAs will yield a bigger return in the long run obviously, but the idea of not having a mortgage after 10 years is extremely tantalizing. We both plan on retiring early and are extremely debt-adverse, and we dont want a mortgage following us into retirement. What would rpersonalfinance do?  <response>: Id max the IRAs. Once the annual deadline ends, your annual contribution limit is gone. 