HEL/401K
I’m a 61 y/o female, single working FT making 70k. I have a HEL with a balance of 70k. I have a work 401k with 92k and a stock/annuity etc profile worth 475k as of today. Should I pay off the HEL of credit?
Thank you
Terry Says
You don’t want to give up the tax-deferred growth of your 40lk, although you should be investing more conservatively as you approach retirement.
You might choose to give up some of your after-tax investment money to pay off the HELOC, depending on the interest rate.
Sounds like you’re at the prefect juncture to meet with a fee-only FIDUCIARY advisor you can trust — just to review your entire situation.
Find one here: https://www.terrysavage.com/pam-krueger-wealthramp/
