Dave Ramsey says he "wants you to pay off your mortgage as bad as anyone in the United States" - but not like this

"Simply put, Ramsey is strongly against cashing out IRA funds, which would subject him to a 10% penalty plus taxes at his regular income rate... That's a lot of money going to taxes and fees."

"Withdrawing anything from retirement funds before retirement is extremely costly and should be avoided. It's basically like paying high fees to access your own savings."

"Ramsey recommends just staying the course instead of using the retirement account to pay off the house. It can feel like it takes forever to make any headway when trying to become debt-free."

"Debt can be unsettling, especially after you've worked so hard to be debt-free. However, it's important not to base your financial decisions on these emotions."

Read at 24/7 Wall St.