HELOC or IRA

Terry:
I am 64 years old and am working as a 1099 contractor. I may need some extra cash to pay some bills in the first quarter of 2015. Would it be better to write a check from my Home Equity Line of Credit or take a disbursement from my self-directed IRA?
Rod

Terry Says:  That’s a tough choice.  But don’t take the money out of your IRA and lose all future tax-deferred growth.  Home equity loan rates are low now.  See if you can repay the loan within the year.