Reported 16 days ago
As retirees approach financial independence, a common dilemma arises: whether to settle a mortgage with retirement savings. This article explores key considerations in deciding whether to pay off a $120k mortgage with a $650k IRA, focusing on personal financial goals, interest rates versus portfolio returns, cash flow management, and tax implications. Ultimately, engaging with a financial advisor may provide tailored insights for effectively navigating this significant financial decision.
Source: YAHOO