I am not sure about the order of taking the money out, but my case involves paying cash for the house. I may not have mentioned that. I do not intend to get a mortgage.
I am planning on biting the bullet and paying the income taxes in December 2026 and January 2027 in order to buy a home free and clear. The resulting low expenses should result in enough room to work with that the 80k retirement salaries leaves room to save a good amount of money taxable, say about 60k over 3-4 years.
I should probably run this plan past someone who knows more about taxes than I do. My concern with a mortgage is that fees have skyrocketed since the last time I purchased a home with a mortgage and I am not interested in throwing away money while I have enough $ available in retirement accounts to pay for the small home.
I am planning on biting the bullet and paying the income taxes in December 2026 and January 2027 in order to buy a home free and clear. The resulting low expenses should result in enough room to work with that the 80k retirement salaries leaves room to save a good amount of money taxable, say about 60k over 3-4 years.
I should probably run this plan past someone who knows more about taxes than I do. My concern with a mortgage is that fees have skyrocketed since the last time I purchased a home with a mortgage and I am not interested in throwing away money while I have enough $ available in retirement accounts to pay for the small home.
Statistics: Posted by AlaskaTeach — Sun Jan 25, 2026 11:44 am — Replies 22 — Views 3585