
▲ 372 r/TransLater
Finally beginning to see her in the mirror (34, 10 months HRT)
u/Mortypie — 1 day ago

I'm very fortunate to have inherited a couple accounts and some property, and am wondering what my best move for getting cash would be. My goals are to pay off my high-interest credit card debt, and invest the rest in fixing up the property so it can be sold or rented. I have a 401k that needs to be fully withdrawn within a few years anyway, and a brokerage account that I can take out a line of credit against at 6.75% APR. I asked a financial advisor and got kind of a flimsy "it's up to you" kind of response. I've already calculated the general amount I would need to withhold for taxes if I used the 401k, and there's enough there to cover everything and still leave a good chunk invested for now. Thoughts?