Originally Posted by ScottGem
And how much would you be losing? How much more in taxes will you pay without the mortgage interest deduction? What about the 10% penalty? What about the investment return you will lose? What about the affect on your 2007 tax return?
You clearly haven't thought this through with all the consequences. Why is a doctor a luxury? If your company is providing a 401K, then you should have decent health insurance coverage. As for a new car, what about taking a loan against your 401K?