Pay Off Mortgages Before Retirement
A homeowner wants to pay off his mortgage before retirement, but is unsure how to do that on his income. After age 59 1/2, he can withdraw money from a 401(k) plan without any withdrawal penalty. However, he may owe income taxes. He should look at options to gradually withdraw the money and let it…
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Posted on:
Feb 28, 2001
Feb 28, 2001
