The myth of unleashing home equity

Published: July 3, 2021, 1 p.m.

b'On this week\\u2019s Money Matters, Scott and Pat answer why using your home\\u2019s equity for other investments can come back to bite you.\\nScott and Pat advise a 64-year-old caller with $3.3 million in savings who wants to know if he should do a Roth conversion to save on his future tax bill. A re-married man who is selling his house asks how he should invest the $100,000 expected from the sale. A retired man wants to know if he should use dividend stocks to make payments on a $330,000 mortgage. Finally, a woman who recently moved to San Diego wonders how she should pay for a home worth $800,000.\\xa0\\nAsk a question by clicking\\xa0here, or email Scott and Pat at\\xa0questions@moneymatters.com.\\nDownload and rate our podcast\\xa0here.'