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Borrowing from 401k for home down payment, is this dumb?

...
Fuchsia mentally impaired stage ratface
  03/18/18
enjoy being charged interest for using "your" mone...
motley carmine police squad
  03/18/18
interest that you yourself receive, without tax? oh what usu...
flatulent floppy halford theater stage
  03/18/18
...
lime hairraiser ladyboy
  03/18/18
So what I’ve read about both principal and interest repaymen...
Fuchsia mentally impaired stage ratface
  03/18/18
Extract as much cash from fraud-oh-one-kay as possible, perm...
big nofapping roast beef sanctuary
  03/18/18
not necessarily.
Cyan sadistic sound barrier parlor
  03/18/18
yeah i dont think this is a bad idea. otherwise you are bor...
lime hairraiser ladyboy
  03/18/18
Ok thank. First poaster seems ill informed
Fuchsia mentally impaired stage ratface
  03/18/18
Maybe not dumb, but definitely overleveraged. The articles s...
Tantric Indigo Internal Respiration Private Investor
  03/18/18
meh, if you're really that fucked, your income will be low e...
Irradiated chocolate temple genital piercing
  03/18/18
This post is completely incoherent.
Tantric Indigo Internal Respiration Private Investor
  03/18/18
I did it and lost my job roughly 3 months after. That sucke...
lascivious clown
  03/18/18
Yeah well OP will be underwater in 4 years
Self-centered son of senegal
  03/18/18
Oh for real
lascivious clown
  03/18/18


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Date: March 18th, 2018 3:47 PM
Author: Fuchsia mentally impaired stage ratface



(http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35632194)



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Date: March 18th, 2018 3:48 PM
Author: motley carmine police squad

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: flatulent floppy halford theater stage

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: lime hairraiser ladyboy



(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: Fuchsia mentally impaired stage ratface

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: big nofapping roast beef sanctuary

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: Cyan sadistic sound barrier parlor

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: lime hairraiser ladyboy

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: Fuchsia mentally impaired stage ratface

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: Tantric Indigo Internal Respiration Private Investor

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: Irradiated chocolate temple genital piercing

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

(http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35632279)



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Date: March 18th, 2018 4:31 PM
Author: Tantric Indigo Internal Respiration Private Investor

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: lascivious clown

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: Self-centered son of senegal

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: lascivious clown

Oh for real

(http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35634135)