No. of Recommendations: 2
There are so many variables, a spreadsheet doesn't help. Do you have a retirement monthly payment, are you receiving an inheritance from an IRA with a fixed distribution, do you have dependents that can claim social security if you take social security, are tax rates going up or down, do you have more in a Roth or 401?
Everyone is different and there are too many unknowns. My decision was I don't know to the optimum answer, but I do know that a payment now, with known tax, Medicare and social security payments was to take the money now rather than wait for an uncertain future.
Aussi
