Insurance companies are masters at imposing early surrender fees.
The decision to pay down a home mortgage as you near retirement is really a matter of preference. Investing a bit in bonds provides a safety net Governments and corporations sell bonds to investors to raise money for various projects. If the purchaser defaults on the payments, you are forced to regain control of the property and repeat the sales process. Cashing out stock plan can yield hefty tax bill Odds are, when you sell the stocks, the majority of your proceeds will be considered taxable gains. A 'bridge' might let you retire before age 62 You may be able to retire today and receive an income equivalent to your income with Social Security.