Should we keep our money in the IRA?

derbygirl | 18:59 Tue 11th Apr 2006 | Business & Finance

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My husband is retired and 68 years of age. I am 58 and working. He has an IRA with about 80 thousand dollars. We are finding every year since he has retired that we pay $1100 in taxes and can not deduct our interest on our house due to the increase in the standard deduction. I feel we are throwing money away by paying all the interest on house and should try to take out $5 - $10 out each year to pay down the principal or leave it in the IRA? I am putting money in a 401K at this time. We need some tax breaks, but not sure what to do at this time.

Thanks

Donna McCutchan

Mortgage payments

�46,800.00 in 6 months? rubbish?

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