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nkyguy1988 t1_je7z88l wrote

So you have 190k outside of retirement accounts and an otherwise paid off house? If you paid the LOC today and paid yourself, how fast could you replenish? Even then, the LOC interest is higher than any savings interest. I'd still pay it off with that.

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ummagumma20 t1_je83yuj wrote

Yes abt 190k is correct. We can save abt 4k a month to replenish.

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nkyguy1988 t1_je8464v wrote

So 2 years and you are back to where you were with a paid off LOC today. Plus you still have the option to tap the LOC if absolutely needed while saving on the interest paid. I'd pay it off.

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