No early withdrawal penalty, already checked. The taxes do concern me, but so does those idot democraps destroying the economy.

Sure is a good feeling paying off your mortgage. Now if I could get rid of a few insurance payments.

I wouldnt pull money out of a retirement account to pay the house off unless you are really close to retirement.

It's not a retirement account. My retirement is with the state I cant touch that. This is a completely optional account that I have been sticking money in for years.

You’re gonna lose more paying taxes on what you pull out than you will gain in paying off the house. At this rate you’re pretty much paying principal only. Move your investments to a low risk, low interest portfolio and keep paying the payment.

This.

I been reading all of the replies because I'm genuinely interested in the popular opinion.
It's always been my opinion that debt free is the way to be, but a mortgage is the very last loan you pay off.
I am concerned, and confused, about the future of the dollar and I'm not sure if cash will even be viable in the near future.
My thoughts are, if you got some investment you can liquidate without serious tax penalties, I'd buy as much land as I possibly could.
That land is a guaranteed solid investment and it will never fly away over the computer wires.

Yep.

If you are worried the stock market will dip again, take the money out of the market until Nov. When it dips buy as much as you can!!

Check with an accountant and see what it will cost in taxes today. Taxes are subject to change at the whims of congress so don't wait if its favorable. Its great not having a mortgage, pay it off if you can.

If you use TurboTax or some other tax software, load your 2019 taxes, then add the amount you need to pay off the mortgage. Recalculate your tax liability to get a approximate number of what it will cost you.

Taxes should be 20% unless you want them to take out more,there are some guys here at work that have taken money out of their 401k without paying the 10% penalty,on the form you fill out it ask how you were affected by the virus,most of them have put loss of overtime and were approved,if I only had a few years before retirement I probably wouldn’t touch it,if I had 20 years or more I would consider taking it out and being debt free

Thnx for all the replies. Still not sure what Im going to do. Leaning toward leaving it alone for now.

whoops, double post deleted

It's trying to time the market. If you guess that your losses will be more significant than the taxes you'll pay, it should make sense.

Some say timing the market is never a good plan.

Timing your personal goals is probably the best plan. Do it based on this and don't look back, that's my advice which is worth exactly what you paid for it.