to do or not to do
as earlier i posted a question but did not explaine my self! im on disabilityand i want to take out of my ira (no penaltys,im disabled) and pay off two mortgages that are on my rentals. I have six rental homes. IM paying around 6% int. on these mortgages.MY money is in Edward jones investments and i feel that by doing this i will have more control over my money. MY rentals all have a cash flow between 100 to150 dollars on each one. and plan to get more. the money in my ira will pay off two mortgages. I will have to pay taxes of course, but this is a good right off business.I plan a snowball effect with the other mortgages. is there any good advise out there?
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