Hi, all--
I'm a first-time poster, so your tips on posting success are very welcome.
I've been FI for four years, and set to pay off my house in 15 months. Currently, the amount of money I take from my investments allows me to pay no taxes. Recently, I inherited an IRA, which has all sorts of rules that I have researched. My question is, I want to use the money I've inherited for some rather major house renovations. However, simply cashing it out is not smart, since I would end up paying about 1/3 of it in tax. It looks as though I could sell some of my own investments up to $38K, and pay no capital gains tax on it. Would it then be smartest to take the rest of what I will need in a HELOC? A refi? (Though I hate to accrue another 15 years of debt!) Another option I haven't thought of? How would you proceed? Thanks in advance for any help you can offer.