02-08-19: The Right Way To Tap Your Home Equity For Cash

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

News Commentary, Business News, Business, Investing, News, Entrepreneurship

4.4 • 1.5K Ratings

🗓️ 9 February 2019

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Home equity line-of-credit loans may look like "found money", but tax law changes and rising interest rates reduce their appeal.

Today's Stocks & Topics: HYI - Western Asset High Yield Defined Opportunity Fund Inc., Keep Buying the Dips, Global Economy, San Francisco Fed, IBM - International Business Machines Corp., 5G Industry, ETFC - E*TRADE Financial Corp., Safe Investment, AAPL - Apple Inc., California Income Funds.

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Transcript

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0:00.0	Steve and justin use why charts for their winning investment research
0:04.6	so start your free trial now and if you purchase mention invest talk and get a generous
0:10.4	discount at whyCharts.com. This podcast is produced by KPP Financial, Steve
0:19.3	Peasley President KPP Financial, Independent Thinking, shared success.
0:26.3	And now today's podcast.
0:28.7	Good afternoon everybody and welcome to Invest Talk. It is Friday February 8,
0:37.0	2019. I'm Steve Peasley and I do thank you for joining me today again.
0:43.0	This is Friday so five days and here we are at the end of the week and weekend is upon us.
0:49.0	That's just great.
0:50.0	Everybody loves the weekend.
0:52.0	I do too. Now, whether you're a regular listener or new, it doesn't matter. We love to help you out. We want to help you gain that. I've been talking about it all week, financial freedom that we all want.
1:05.0	Almost everybody that I know wants it.
1:07.0	Some people don't.
1:08.0	I've met people that are not interested at all.
1:11.0	One of my friends in Boston, really wants to work until they take
1:15.3	him away from the desk because he loves it. So it depends on you. It depends on what it
1:19.9	means to you. But all of us need to make money. According to Susie Orman, I think she said
1:26.8	you needed five million or ten million dollars to have financial freedom. I don't know, that's
1:31.3	that that seems a little little high but she was also talking about
1:38.1	Preparing for unexpected catastrophes financial catastrophes but that's not really likely to happen.
1:45.8	So what you do is you just base it on what most likely happen.
1:50.6	And the most likely thing that people don't plan for is about $250,000 expense, medical expense in retirement in
	...

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