MarketWatch: I’m 68, My Wife Is 61. We Have an $80K HELOC We Want to Pay Off. We’re Thinking of Using Our Retirement Funds – And We’d Still Have $500K in There if We Did. What’s Our Move?

Indeed, there are pros and cons to making this decision, and it may be be that an hourly financial planner would be a good option here. (You can use this free tool to get matched to a financial adviser, from our partner SmartAsset, as well as sites like CFP Board or NAPFA.)