Whether it's for a home remodel, a major purchase, or just to cover unexpected expenses, where should you turn for cash when you need it? In today’s episode, Scott breaks down the three primary avenues for obtaining cash: 401(k) loans, Home Equity Lines of Credit (HELOCs), and personal loans.
We’ll explore the pros and cons of each option and what pilots should keep in mind before borrowing. As always, be sure to consult a qualified professional for guidance on your specific situation. With the right knowledge and planning, you can navigate big financial moves with confidence!
Here’s some of what we discuss in this episode:
0:00 – Intro
0:32 – Pulling money from 401(k)
3:03 – Borrowing money from HELOC
6:27 – Balancing borrowing and spending
7:20 – Personal loans
Resources:
Our website: https://retireairlines.com/
Phone: (419) 314-4139
Contact our team: https://retireairlines.com/contact-us/
Schedule an introductory call: http://callosborn.com/
Order your no-cost retirement toolkit: https://keap.page/lde199/the-pilot-s-planner-toolkit.html
Check out our other no-cost financial resources & guides here: https://retireairlines.com/guides-whitepapers/
The “When I Die” binder: https://retireairlines.com/wp-content/uploads/2024/10/Scott-O-FILLABLE-BINDER-10.22.24-1.pdf
Watch the podcast on YouTube: https://www.youtube.com/channel/UC_hNGqqVjqgtuoYZlu9i4yQ
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