Should i pay off my house with my retirement money?

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Alvis Balistreri asked a question: Should i pay off my house with my retirement money?
Asked By: Alvis Balistreri
Date created: Fri, Feb 26, 2021 8:39 PM
Date updated: Sat, Sep 24, 2022 10:36 AM

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Top best answers to the question «Should i pay off my house with my retirement money»

If the growth potential of your retirement savings is low compared to the interest rate on your mortgage, paying off your mortgage may be a good idea. But pre-tax contributions to your retirement account may offer better growth potential along with the possible tax benefit.

  • Generally, it's not a good idea to withdraw from a retirement plan such as an individual retirement account (IRA) or 401 (k) to pay off a mortgage.

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