I caught a glimpse of the Today show the other morning. They were featuring a ‘Money 911’ section with 3 financial experts – Jean Chatzky, David Bach and Carmen Wong Ulrich. The 3 experts answered a variety of questions, mostly about mortgages. Ann Curry, the host of the show, mentioned one question that never got answered, so I thought I would take this opportunity to answer that question, in case anyone else was watching and needed the answer.
A viewer asked, “Should I use my 401k to pay down my mortgage?” The answer, “Absolutely not.” Read more