Question: Please answer the question above. Thank you! 21. Your client, Joc, has a child in college and is short $10,000 for this year's education bill.

Please answer the question above. Thank you! 21. Your client, Joc,

Please answer the question above. Thank you!

21. Your client, Joc, has a child in college and is short $10,000 for this year's education bill. Joe's home is fully paid off, and has access to a 6.5% HELOC. Joc has a $500,000401(K) that he can take a 3% loan on, but he will not pay it back (this is because he hates the investment company his employer uses). Lastly, Joe has investment account that he is confident that he can earn 6% on annually, and it has all long-term capital gains. Joe's marginal tax bracket is 40%. How do you advise Joe

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