Personal Finance (Not Investing) • Should we renovate?

I agree with previous comments in this thread that we shouldn’t take out a loan to finance it, but given the high tax impact on our taxable investments, I think we would actually come out slightly ahead in the long term (20 years) by not raiding our taxable investments.

eh, i wouldn't put the bulk of this on a HELOC at high rates. i would look at the brokerage account for what shares have the least gains. it's not going to $70k in taxes if you bought various things at various points in time and have some choice about what order to sell them. Also, unless you were going to hold this account without selling until you die, these taxes were going to come due sooner or later anyway. the HELOC is postponing them not erasing them, so you have to keep that in mind when weighting the cost of the HELOC.

Statistics: Posted by cchrissyy — Sat Aug 03, 2024 12:41 pm — Replies 22 — Views 3080

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