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Sinopsis

Learn why it's not urgent to pay off your mortgage and why a 401(k) is more important. Listener question day. Should I Withdraw From My 401(K) to Pay Off Mortgage? Before we get started, I wanted to let you know about another awesome podcast called Profit Boss Radio. Profit Boss Radio, hosted by MBA and Certified Financial Planner Hilary Hendershott, highlights inspiring women who have created success in their financial and professional life. Each week you can tune in and hear how women have paved the road to sustained success with both beliefs and actions. Check it out at www.profitbossradio.com. A listener writes: Linda, I'm 45 years old and gross about $100,000/yr. I have $390,000 in my 401(k), and owe about $175,000 on my mortgage, with 17 years left at 2.75%. I have about $100,000 in savings. I fear I may get laid off later this year. Should I withdraw money from my 401(k) to pay off my mortgage? Love your show. Thank you, Phil There's 3 things to address here: 1) preparing to lose your job, 2) paying of