How Rich Retirees Use Debt to Save on Taxes and Protect Their Investments
Borrowing in retirement might seem surprising, but for high-net-worth retirees, strategic debt can be a powerful financial planning tool. Instead of triggering large capital gains taxes by selling investments, many wealthy retirees use low-cost borrowing to access liquidity while keeping their portfolios fully invested. In this article, Greenbush Financial Group explains how securities-backed lines of credit, HELOCs, margin loans, and other strategies can help retirees manage taxes, preserve growth, and maintain financial flexibility.
Will Home Equity Loan Interest Be Deductible In 2019+?
The answer............it depends. It depends on what you used or are going to use the home equity loan for. Up until the end of 2017, borrowers could deduct interest on home equity loans or homes equity lines of credit up to $100,000. Unfortunately, many homeowners will lose this deduction under the new tax law that takes effect January 1, 2018.
