I'm 49 and will retire in 2017 with pension ($3700/month) and retiree medical benefits (I pay 20% of premiums). Taxable accounts equal $800k now. Real estate equity of $500k (Farm + house in town).
We recently closed money-losing Roths and put that money against our mortgage, which now has a balance of $113k, which we want to retire by 2017.
Would anyone recommend using a SEPP plan to retire the remainder of the mortgage? It felt good taking that money out of a volatile market and making 5.25% on it when we closed the Roths.
We recently closed money-losing Roths and put that money against our mortgage, which now has a balance of $113k, which we want to retire by 2017.
Would anyone recommend using a SEPP plan to retire the remainder of the mortgage? It felt good taking that money out of a volatile market and making 5.25% on it when we closed the Roths.