HELOC
I’m 73 and still working full time but plan on retiring in 2025. Our HELOC is balance 0 right now. I want to do our last remodeling job before retiring and it should cost about $25K. Our HELOC expires September 2025 and I’m not sure I’ll get the whole $25k paid off by that time. Should I apply for another loan if I can’t pay it all off by September or just take it out of my 457B?
Terry Says
I can understand wanting to get your remodeling done before you retire. Use the money wisely, pay it off as soon as possible — and cross the bridge when you come to in in 9 months if you haven’t paid off the balance.
