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Old 11-03-2019, 10:08 AM   #1
Powerplay Quarterback
Join Date: Jul 2004
Default House equity after selling

If someone sells their house, and plans to rent for a year or so, after paying off a few bills (to eliminate some monthly expenses) what is the best thing to do with the rest of the equity so that it can collect good interest, help at tax time and be able to be used as a house downpayment in the future (without facing tax penalties or losing a lot of it to admin fees when it's withdrawn).

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