Welcome! | Ask A Question
Asked 11/19/2008
|
I am 60 and I want to pay off my mortgage with 401Kyes or no? I am 60 years old, 401 K is demenishin rapidly. Should I pay off home loan befoe 401 is depleted. |
Answer 1/2 - Submitted 12/19/2008
Type your Answer in the box below and post your answer.
Related Questions (Ask a New Question)
I am a 57 yr old widow with a mortgage balance of $50,000. my monthly payment including taxes & insurance is $527 which $362 is principal/interest. it is a 30 yr loan with 25 yrs remaining at 5.875% interest. i have no other debt and i earn $25,000 a year. i have received an inheritance that could...
My partner and i have been dealing with our mortgage company to keep from foreclosing on our home after about 4 months of not being able to pay the mortgage due to loss of job and a high mortgage payment. he is just newly employed and my company only allows withdraws for certain hardships. the mortgage...
Can it be used to pay off a mortgage before retirement?
|
I am a 57 yr old widow with a mortgage balance of $50,000. my monthly payment including taxes... |
|
I want to withdraw money from my 401k but don't know if i can for the reason i have. My partner and i have been dealing with our mortgage company to keep from foreclosing on our... |
|
Can 401 k money be used to pay off a mortgage? Can it be used to pay off a mortgage before retirement? |
|
Does it make sense to cash out my 401k to pay down a mortgage? I currently have a balance in my 401k of $85,000 and my wife has roughly the same. i am weighing... |
|
Does it make sense to withdraw from a 401k to pay off our credit cards? We have approximately $25,000 in cc debt and $7,000 in auto loans, along with $90,000 in home... |
|
I took out money from my 401k and an ira rollover account and used the proceeds to pay off... |
Ask A Question
Ask a new question about
401k:
About
| Contact Us
| Membership Agreement
| Privacy Policy
| Site Map
| Advertise on this Site
Copyright © 401kQuestions.net 2012. All rights reserved.