Apr 27, 2012, 08:20 AM
How about if the purpose was to payoff a mortgage that still had about 20 years left? Looking at things, I'm guessing the interest owed on the mortgage might far outweigh the taxes we would get slapped with for early withdrawal. My wife and I have a large 401K and a lot of years left on our mortgage. We are also young..This scenario might be present in our late 30's, early 40's. With no mortgage we can then start investing heavily in rebuilding our 401k. Thoughts on this logic? Finance is not our specialty so any insight would be appreciated! Thanks.