I am 63 years old, still working making $130K / yr and contributing to my companies 401K. I have about 1.1 mil in other retirement accounts and my wife who is 7 years younger than me works and makes more money than I do, and she invests in her 401K.
I now owe about 55K to the IRS. I have never owed them a dime in my life. My question is should I just withdraw from my accounts and pay the IRS, or continue to let it grow and pay off the IRS with my payment plan.
I know you are not supposed to touch your retirement $$$ until you retire, but I am already 63 and will be retired in 2 years or so. Also, I will eligible for about $3,600 / month in SS when I retire.
Sound advice from financial planning professionals appreciated.
Submitted June 19, 2019 at 08:22PM by zimmerb http://bit.ly/2Itxapo
