Liquidating your 401k account oral herpes dating canada
Over the years, your retirement account has amassed into a decent chunk of change, but recently, you have not seen the benefits of your investment.In fact, your retirement fund might even be worth less than what it was 5 years ago, so why not just take it out and pay off the mortgage?!At least it would keep you from paying all that interest on your debt, right?While I agree that it would be nice to pay off your house, my gut reaction is to leave your investments alone. Your Scenario In order to accurately answer this question, we really need to have a sample scenario.
Also, if you are less than 59.5 years old, then you need to pay an additional 10% as a fee to the federal government.With these taxes and fees, your investment account is now worth only ,500.