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  • At your age, probably not. You will probably pay a penalty if you withdraw tax deferred funds before age 59 and a half.

    And when you do begin to withdraw your tax deferred funds, you will want to do so in a tax efficient way.

    However, in general -- when making decisions about paying off debt verses investing savings -- you want to compare the interest you can earn on savings verses the interest you will save by paying off the debt. Tax efficiency is another layer.

    We wish you all the best!

  • Login to rate this answer:   Answered on 1/20/2013
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.