by Jonathan Langsdorf, Demand Media
…An important question before paying off your mortgage is to determine what type of money will be used to pay off the loan. If your cash assets are mostly in qualified retirement plans, you could incur a big tax bill if you take money out of your IRA or 401(k) to pay off your mortgage. Paying an extra 25 or 30 percent in taxes just to have a paid-off home loan in retirement may not make a lot of financial sense. You want to control the withdrawals from your retirement accounts to keep the tax bite to a minimum…
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