Quote:
Originally Posted by pbkmaine
There is one thing people don't think about when they decide to have a mortgage in retirement. If you are taking money out of retirement accounts to pay the mortgage, the money that comes out is taxed at ordinary income rates. You may be increasing your tax bill and putting yourself into a higher tax bracket. That should be factored into your decision.
|
I don't know what you mean by retirement accounts, pbkmaine.