Radio Hour: Paying Off Your Mortgage In Retirement
Paying off your mortgage in retirement...should you do it, should you not? Casey Weade and Marshal Johnson discuss that and what are the tax consequences of taking a large distribution from an IRA to pay off that mortgage (pros and cons)? Next, they talk about carrying life insurance in retirement — should you stop paying those premiums? What are the uses of carrying that life insurance into retirement? Then a look at retirement rules of thumb — taking a second look (such as the rule of 100) and a focus from Forbes, "What is secure act 2.0 and how would it change retirement?"