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Ask HTM - Sahm Rule Recession Indicator, New App Gives Kids IRAs, & Paying for Big One-Time Expenses #931

How to Money

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Managing Expenses with Home Equity

This chapter explores the complexities of using home equity to address short-term expenses, analyzing financial tools like reverse mortgages and home equity loans. It emphasizes the risks of high-interest rates and suggests alternatives like inherited IRAs and prudent financial planning to avoid unnecessary debt.

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