When a large, unexpected expense crops up, you don’t want to increase the cost by using a less-than-optimum way to raise the needed cash. Explore the options and select the best one for you.
An unexpected cash need can spring from medical treatment, home repairs, taxes, and help for family members, among others. Of course, you could sell an investment or take a traditional IRA distribution. But those actions could trigger taxes, increasing the total cost.
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