mortgageguyearly wrote:
No penalty.
4% around 90K owed maybe a bit less.
I'm not a disciplined investor but a good saver of cash. I am self-employed so I keep most of my money liquid.
I could take the 90K and invest it, but part of me just wants to pay off the house and be done with it.
I have about 100k in my Roth and 250K in a 401K with my wife.
Another 225,000 in cash I use to run my business.
I wouldn't cash out retirement yet. If you can take a distribution comfortably from the company of $90k to pay it off I would write a check today. That way you'll have a paid for house and you can start building equity like it's nobody's business. Money starts piling up QUICK when it doesn't have to go out to anyone.