<prompt> Human: All:If one is 60, and working two more years at 200k salary, would it be wise to tap into a 1.4 million 401k now to pay off a 180k mortgage?Wife is already retired. Thanks.  <response>: No, it would not be wise. The 180k withdrawal will be added to your income and you will have to pay taxes on 380k for that year. That means the bulk of the withdrawal will be taxed at 33 tax rate. Take on a mortgage at 3-4 and pay it off after your income stops and by taking out just enough to stay in the lowest tax bracket possible. 