Home Equity
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Fed Rate Increase: When to Tap Your 401(k) or Home Equity to Save on Interest
With the Federal Reserve’s recent announcement of a rate increase, many people are feeling the pressure to make sure their finances are in order. Whether it’s saving for retirement or paying off high-interest debt, the debate of when to use your 401(k) or home equity to save on interest is very real and can be paralyzing. But with this blog post, we will help you break down exactly when tapping into your retirement funds or home equity is the right decision. We’ll cover how rate increases affect different types of…
