Should You Pull Money From Your 401(k) to Pay Off Your Mortgage? Dave Ramsey Weighs In With His Take

Canva: Yagi-Studio from Getti Images Signature and EricVega from Getti Images Signature Quick Read Withdrawing from a 401(k) before age 59.5 triggers a 10% penalty plus income tax on the distribution. The median U.S. home price reached $426K in September. That is 63% higher than a decade ago. 30-year mortgage rates now stand at 6.9% despite Federal Reserve rate cuts. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. R ...