I would and I did. I wanted to buy a very expensive Navy which I would likely never have another chance to own. I had no mortgage, car loans or credit card debt. I didn't want to take an IRA distribution because it would have been taxable income and it was also appreciating where it was. Financially, a low interest rate loan was by far the most logical choice. Don't regret it for a second. Now that I'm over 70 my mandatory distributions just go to pay the loan faster.
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- Mike
Life member: NRA, OVMS, VGCA
Member: NAPCA, N-SSA(Veteran)
Si vis pacem, para bellum
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