Home Mortgage PayOff

[Gypsyroseboxer]

Need feed back....My mortgage payoff is aprox. $150k P&I $895 mo.
I've done the math and by paying off my mortgage early I will save more than $100k over the life of the loan.

I am considering taking money out of my IRA to payoff my mortgage...to help lessen the tax burden I will pay $75k in Dec. 09 and then another $75k in Jan. 10....
I am retired 60 yr old and debt free except for the mortgage. I have aprox. $1,200,000 in my IRA. Wife can't retire until 2011 and earns $80k per yr.

Does this make sense?

thanks