Quote:
Originally Posted by Staceyy
No, not totally cashing out. We prefer not to have a mortgage. Dh has about ten more years until retirement. The mortgage balance will be pretty small then, so it won't take much to pay it off. We also prefer not to have any car payments and we generally buy a car that is two years old.
|
I greatly DISAGREE with this kind of thinking/decision. I think it's OK when you have too much savings and you'd like to draw down in order to pay-off your house (many would disagree about this step as well), but I would NEVER touch 401k for that purpose...maybe only if I'm older than 59.5.