My wife recently passed away. I'm considering cashing in her 401K of $75,000 to pay off most of my remaining mortgage which is $85,000. I am currently unemployed and don't want to risk losing my home. What do you advise?

ANSWER

The BIDaWIZ Team's Answer:

This is a plausible investment strategy; provided that your home

value equals or exceeds the $85K loan payoff amount.

The BIDaWIZ Team

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My wife recently passed away. I'm considering cashing in her 401K of $75,000 to pay off most of my remaining mortgage which is $85,000. I am currently unemployed and don't want to risk losing my home. What do you advise?

The BIDaWIZ Team

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