@3hummy " it's better to keep money in the market if the interest rate is higher than your loan/mortgage rate." I don't think this is necessarily true.
What is the value of a paid for house?
This is an important question. The stock market is a risky proposition. It goes up and it goes down. When you own your house market volatility means nothing, generally speaking. Something to think about. 🙂
Having said that, there are several key pieces of information I would need to understand about your overall financial condition before making any sort or real suggestion.
Your financial advisor is correct if he is saying you will pay tax on money you withdraw from investments and/or possibly from retirement such as an IRA or 401(k).
Regardless, I would never advise anyone to take out money already IN retirement to pay off a mortgage. Not a good idea. A better idea might be to trim current expenses or dig deep into your budget and find a little extra money towards making an additional mortgage payment, maybe even just once a year. For instance, if you carved $50 from your budget each month and set that aside, after 12 months you could make an additional $600 payment towards your mortgage. Not bad.
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