Hello All. It's been awhile since I have logged on. Thoroughly enjoying my early retirement. Anyway I have a question for the community. I need to do some home improvement. I have a HELOC that I have used exclusively for college tuition for my children. So I am getting the student loan interest deduction. House is worth 280,000 and HELOC is 65,000 with 130,000 left over. I have 40,000 in cash sitting in an online bank account earning a little over 1%. My pension more than covers our living expenses. The home improvement is necessary in nature and may cost me 20,000. Should I use the cash or the HELOC? The rate on the HELOC is 2.25%? Sincerely, Jack Z