Home Equity Insights

Home equity withdrawals are on the rise, but rising interest rates make these withdrawals more expensive. It's essential to evaluate the timeline for paying off any debt incurred, especially when considering home renovations. Additionally, a staggering amount of FSA funds go unclaimed each year, with nearly half of account holders losing an average of over $400. While FSAs can be beneficial, careful management is crucial to avoid losing out on valuable healthcare savings.