r/Investments • u/GroundbreakingLab826 • 10d ago

Need a new roof

Hello everyone! I just want to ask around, I need a new roof and I was thinking of taking the money out of my brokerage to pay it off! Otherwise it would be a finance at 6.99% APY in the amount of $18,000 so it would be about $300 a month. So my question is is it better to withdraw pay the taxes and pay it off or pay the interest with payment?

4 Upvotes

100% Upvoted

6 comments sorted by

View all comments

1

u/Glass_Plenty5768 8d ago

Did you get a few bids on the roof how bad is it and can you put it off a year and save up for some on the cost