pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Oh boy, had not considered paying off the home with 401K at 55. We can forgoe the 10% penalty yes but I believe it's within the 72t IRS rule guidelines of equal withdraws over a given 5 year time period. Let me check that out.
Also I need to spend more time on other retirement calcs like you suggest. Appreciate all the insight here. Lots of great input!
Just to be clear I was not necessarily suggesting that you tap the 401k to pay off the mortgage. What I was suggesting is that in calculating your withdrawals that you use 3.5% of your 401k net of your mortgage since the 50k of living expenses is before mortgage payments.
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