to do or not to do

[tjtheoneway]

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?

[disneysteve]

I'm going to ask the same question I asked the first time. WHY?

You say this will give you more control over your money. Can you explain what you mean by that? I would think you have more control in an IRA where you can choose almost any investment you want. Also, what investments do you have besides the rental properties? What percentage of your portfolio is tied up in real estate?

I think we need more info to understand your line of thinking and why you think cashing out your IRA would be a good thing to do.

Also, I think you'll get a lot more responses if you move this discussion to the Investing or Personal Finance board instead of the Frugal Questions board.