[squiffy]

Only do both if you are very very sure that the raw land will earn more over your investment time period of whatever, 10-20-30 years, than your 401K investment.

If you are not sure, why not diversify, and have some money in stocks in the 401K, leave it where it is, and have some money in the land.

Right now, the money locked up as equity in your home is the least effective. You don't need to leave the money there in order to profit from additional equity gains in your home. Does that make sense?

If the bank refuses to loan you any money unless you put a 10% downpayment on the home, then that downpayment is legally and financially necessary for you to own the home and profit from future gains in price and equity.

But any equity gain above and beyond the initial downpayment is deadmoney. It is not necessary to leave it there to control or own the home. It reduces your leverage and reduces your risk, by lowering your payment and lowering your risk of default on the mortgage.

But if you can SAFELY tap that equity, and if you can SAFELY earn more than a 2% tax-deferred return, then go for it.