Скачать или смотреть Should You Use a HELOC or Withdraw from Your 401(k) for Home Improvements?

Today, I'm addressing a common dilemma: should you take out a HELOC or withdraw from your 401(k) for home improvements? While I can't give personalized advice without knowing your full financial picture, here are some factors to consider. If you're nearing retirement age, a 401(k) loan might tie you up for 5 years, while a HELOC could spread payments over 10 years, potentially lowering monthly payments. Remember to think about your long-term retirement goals and how each option impacts your short-term finances. Follow along for more money tips!

Hey, I'm Gaby Rincón!

I teach you how to manage your money stress-free and build a financial future that fits your lifestyle.

I’m a passionate personal finance coach with a ten-year career in education. Seeing inequities in the classroom inspired me to dive into personal finance and address the education gaps within the first-generation BIPOC community.

I use my teaching and financial expertise to offer inclusive, empowering coaching. I create a safe, judgment-free space for clients to share financial concerns and dreams.

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Should You Use a HELOC or Withdraw from Your 401(k) for Home Improvements? #personalfinance #shorts

personal finance coach, home improvements, HELOC, 401(k) withdrawal, BIPOC community, financial education, money tips, retirement planning, financial empowerment, debt management, money stress free, budgeting advice