Using Retirement Money to Pay Off the Mortgage

For many folks, the urge to pay off a mortgage seems to strike when the layoff notice arrives. That's my conclusion based on e-mails I've received during the current recession. More than once, readers have asked whether it's a good idea to take a lump sum from their retirement nest egg and make a giant payment to wipe out their mortgage balance. Looking for financial advice? Click here to send David your questions and they might end up as a topic for his next column. The thinking is that...Full Story