The myth of “unleashing” home equity
Allworth Financial‘s Money Matters
English - July 03, 2021 13:00 - 52 minutes - 72.5 MB - ★★★★★ - 542 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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On this week’s Money Matters, Scott and Pat answer why using your home’s equity for other investments can come back to bite you.
Scott and Pat advise a 64-year-old caller with $3.3 million in savings who wants to know if he should do a Roth conversion to save on his future tax bill. A re-married man who is selling his house asks how he should invest the $100,000 expected from the sale. A retired man wants to know if he should use dividend stocks to make payments on a $330,000 mortgage. Finally, a woman who recently moved to San Diego wonders how she should pay for a home worth $800,000.
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