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My wife and I recently retired. We have a substantial nestegg, mostly in self directed IRAs invested in stocks and stock funds. We are in the process of building a new house. Since most advisors suggest that retirees put about 40% of assets into conservative investments, what do you fools think of the idea of cashing in enough IRAs ( I'll be 59 1/2 soon) to pay cash for the house? Since mortgage rates are about 7%, thats equivalent to a good bond fund. Then we could go ahead and be aggressive with the remainder of our investments secure in the knowledge that our home is paid for. The tax bite will hurt of course but with IRAs you have to pay sooner or later. Foolish or not?
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