Hi Revone,
Thank you for this question! Paying off a mortgage is a wonderful achiement. You must be sure about the tax consequence that you set into motion though. If you are withdrawing from a retirement account, be mindful that the amounts withdrawn will be added to the income already earned and/or received for the year. If you have a 401-K and are still working, consider borrowing against the 401-K. If you do so and remain with the same employer, there will be no additional income to report. Be sure to remain with the same employer until the loan is paid back and you have a tax free loan!
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