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Borrowing from 401k for home down payment, is this dumb?
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Date: March 18th, 2018 3:47 PM Author: bright very tactful love of her life school (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35632194) |
Date: March 18th, 2018 3:48 PM Author: Indigo Comical Indirect Expression Place Of Business enjoy being charged interest for using "your" money (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35632200) |
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Date: March 18th, 2018 3:49 PM Author: painfully honest locale interest that you yourself receive, without tax? oh what usury (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35632205) |
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Date: March 18th, 2018 3:50 PM Author: Shimmering private investor (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35632212) |
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Date: March 18th, 2018 3:52 PM Author: bright very tactful love of her life school So what I’ve read about both principal and interest repayments all going back in you account is fraud lies? (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35632228) |
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Date: March 18th, 2018 3:50 PM Author: lemon tanning salon trust fund Extract as much cash from fraud-oh-one-kay as possible, permanently (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35632208) |
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Date: March 18th, 2018 3:50 PM Author: bespoke pink range gunner not necessarily. (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35632214) |
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Date: March 18th, 2018 3:51 PM Author: Shimmering private investor yeah i dont think this is a bad idea. otherwise you are borrowing from someone else and paying them interest. (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35632223) |
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Date: March 18th, 2018 3:53 PM Author: bright very tactful love of her life school Ok thank. First poaster seems ill informed (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35632234) |
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Date: March 18th, 2018 3:54 PM Author: Cerebral flushed dragon rehab Maybe not dumb, but definitely overleveraged. The articles saying not to take 401k loans are alarmist tripe, but if you don't have an extremely stable job and a nice monthly cushion after you make the 401k payment and house payment I wouldn't do it. Don't forget that you'll want to furnish the house too, and there will always be shit you find after living in it that needs fixing (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35632243) |
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Date: March 18th, 2018 4:01 PM Author: medicated aphrodisiac space meh, if you're really that fucked, your income will be low enough that the tax penalty is NBD especially if you're in a high bracket
keep in mind the average BOOMER has like $15k when they retire
if you're well enough to travel, etc. whatever you imagine yourself doing with the money, you're well enough to work |
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Date: March 18th, 2018 4:31 PM Author: Cerebral flushed dragon rehab This post is completely incoherent. (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35632442) |
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Date: March 18th, 2018 8:28 PM Author: Frisky Chapel Knife I did it and lost my job roughly 3 months after. That sucked. But I was able to scrape together the funds to repay it on time. Now, four years later the return on my investment is like 300% and there's no way I'd be able to afford a place in my neighborhood at the current values. So i basically had the worst case scenario happen to me and it still worked out in the end. (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35633918) |
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Date: March 18th, 2018 8:30 PM Author: Talented multi-billionaire Yeah well OP will be underwater in 4 years (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35633929) |
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Date: March 18th, 2018 8:59 PM Author: Frisky Chapel Knife Oh for real (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35634135) |