https://ttlc.intuit.com/community/taxes/discussion/pay-off-mortgage/01/2792630#M1029323 <P>I'm retired, 63 years, not working.&nbsp; Should I pay off my primary home mortgage?&nbsp; I have money in an annuity (I can withdraw 10% a year with tax but no penalty), rollover IRA, Roth IRA, and military TSP account.</P> Tue, 10 Mar 2026 06:50:48 GMT Revone 2026-03-10T06:50:48Z https://ttlc.intuit.com/community/taxes/discussion/pay-off-mortgage/01/2792630#M1029323 <P>I'm retired, 63 years, not working.&nbsp; Should I pay off my primary home mortgage?&nbsp; I have money in an annuity (I can withdraw 10% a year with tax but no penalty), rollover IRA, Roth IRA, and military TSP account.</P> Tue, 10 Mar 2026 06:50:48 GMT https://ttlc.intuit.com/community/taxes/discussion/pay-off-mortgage/01/2792630#M1029323 Revone 2026-03-10T06:50:48Z https://ttlc.intuit.com/community/taxes/discussion/re-pay-off-mortgage/01/2792801#M1029324 <P>Hi&nbsp;<a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5131845">@Revone</a>&nbsp;</P> <P>&nbsp;</P> <P>There are pro and cons to doing this.</P> <P>&nbsp;</P> <P>The Pro is you get rid of the interest payments on your mortgage and build total equity.&nbsp;<BR /><BR />The con is the tax.&nbsp; If there is no early withdraw penalty then you should be good to go.&nbsp;&nbsp;<BR /><BR />I would calculate the amount of taxes paid to the interest saved, this will give you your best answer in moving forward.&nbsp;</P> <P>&nbsp;</P> <P>Thank you for choosing TurboTax!&nbsp;</P> Wed, 16 Nov 2022 21:41:27 GMT https://ttlc.intuit.com/community/taxes/discussion/re-pay-off-mortgage/01/2792801#M1029324 DavidT0202 2022-11-16T21:41:27Z