$ predictions and investment opinions

[Texas PO]

I would take the Roth withdrawal as well. When you retire in 3 years , or sooner if you can't stand it that long , you want to be debt free and own everything lock, stock, and barrel. Considering today's economy and what the world is doing now, and where it looks like it is going, I would not want any debt if I could keep from it. I mean, what's this crazy old world going to look like 3, or even 5 years from now?

[Inor]

I would consider hard the tax implications!

You might get hit with a penalty on ROTH withdraw. Plus, taking on a small mortgage is not the end of the world if you have the cash to pay it off if/when things start going to shit in the markets. That mortgage will also give you another deduction now (when your income is high and you need all the deductions you can get). Once you retire and your on-paper income drops, you can bear the tax penalty, if there is one, on the ROTH a little easier.

I had a small mortgage on M.T. Acres for a couple years. It is paid off now, but for a couple years it helped on my taxes and allowed me to make considerably more than the interest cost me keeping the cash in the markets. But the key to sleeping well at night was knowing that I had the cash to pay it off any time I wanted to.

[Texas PO]

I would consider hard the tax implications!

You might get hit with a penalty on ROTH withdraw. Plus, taking on a small mortgage is not the end of the world if you have the cash to pay it off if/when things start going to shit in the markets. That mortgage will also give you another deduction now (when your income is high and you need all the deductions you can get). Once you retire and your on-paper income drops, you can bear the tax penalty, if there is one, on the ROTH a little easier.

I had a small mortgage on M.T. Acres for a couple years. It is paid off now, but for a couple years it helped on my taxes and allowed me to make considerably more than the interest cost me keeping the cash in the markets. But the key to sleeping well at night was knowing that I had the cash to pay it off any time I wanted to.

Hadn't thought about the tax implications since is still working. Being retired it didn't occur to me. As long as he has the money to pay off the loan when he retires or if it goes to hell in a handbag that may be an option worth considering. That's why Warren Buffet never calls me for investment advise.

[Slippy]

I would consider hard the tax implications!

You might get hit with a penalty on ROTH withdraw. Plus, taking on a small mortgage is not the end of the world if you have the cash to pay it off if/when things start going to shit in the markets. That mortgage will also give you another deduction now (when your income is high and you need all the deductions you can get). Once you retire and your on-paper income drops, you can bear the tax penalty, if there is one, on the ROTH a little easier.

I had a small mortgage on M.T. Acres for a couple years. It is paid off now, but for a couple years it helped on my taxes and allowed me to make considerably more than the interest cost me keeping the cash in the markets. But the key to sleeping well at night was knowing that I had the cash to pay it off any time I wanted to.

According to the IRS, distributions from a Roth IRA are tax free if you are 59.5 years old and have held the Roth IRA for more than 5 years. I may test this rule to find out! HA!

https://www.irs.gov/publications/p590b#en_US_2025_publink100089627

[Texas PO]

According to the IRS, distributions from a Roth IRA are tax free if you are 59.5 years old and have held the Roth IRA for more than 5 years. I may test this rule to find out! HA!
https://www.irs.gov/publications/p59...blink100089627

The first year I retired I got hit by Uncle Sam because of selling the house, paying off everything, and then moving money to buy Ten Oaks. Since then I haven't paid that bastard uncle of ours a dime. Retirement is good.