I paid off a 30 year 6.75% mortgage at 16 years thanks to Trump lowering the tax rate. I was able to take money out of my 401K and pay it off way early!
I will be forever grateful to him for that!.......…
“I was able to take money out of my 401K and pay it off way early!”
What was the return on your 401k?
When I turned 59 1/2 I had minimal income, I took a large chunk of my 401K (about $50K) and paid $0 taxes, was able to do that for several years until I got SS.
Unfortunately I moved to Michigan, and while I can avoid federal taxes, state taxes hit me by disallowing out of state deductions. Hope to fix that be leaving Michigan in a few years.