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Would it be wise to use your 401K to pay off your house?

Asked by Dutchess_III (46832points) July 27th, 2014

I’m 56, Rick is 62. We have enough in his 401K to pay off the house. I’m tickled with the idea of no house payment, and I figure we can take that extra $1000 a month and reinvest it.

The idea also makes me uncomfortable, although I’m not even sure how a 401K would even help us in retirement.

Advise from my Financial Fluther Wizards is welcome.

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