One of our listeners actually has a better mortgage rate than me! However, as they begin to test their retirement budget they have found that the mortgage payment leaves that budget a bit tight. So they are wondering if they should pay off their mortgage early by withdrawing from their IRA. What would you do?
Listen in to hear my response in addition to several other listener questions. We’ll also catch up with Rosie from the last Retirement Plan Live. Press play to learn if she implemented any of the things we discussed and how her retirement has been over the past year.
OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN
LISTENER QUESTIONS
- [3:30] Should we pay off our mortgage with our IRA?
- [11:27] An inherited IRA question
- [17:55] The order of withdrawals in retirement
- [25:24] The benefits of a continuing care retirement community
CATCHING UP WITH ROSIE FROM THE 2023 RETIREMENT PLAN LIVE
- [27:34] How Rosie’s confidence level is now
- [29:00] How she implemented some financial changes this year
- [43:28] Her intentions for her new planner
TODAY’S SMART SPRINT SEGMENT
- [51:27] Refresh your vision, your feasible plan of record, and your resilient plan of record
Resources Mentioned In This Episode
Retirement Plan Live with Rosie - 468, 469, 470, 471
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement by Roger Whitney
Roger’s Retirement Learning Center
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