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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: Milky legal warrant heaven (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35632194) |
Date: March 18th, 2018 3:48 PM Author: Talented fanboi faggotry 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: cordovan state brethren 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: Concupiscible mint main people mother (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: Milky legal warrant heaven 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: Diverse Amber Half-breed 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: Iridescent prole meetinghouse 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: Concupiscible mint main people mother 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: Milky legal warrant heaven 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: Saffron Marketing Idea 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: Greedy balding brunch sandwich 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: Saffron Marketing Idea 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: aphrodisiac toilet seat step-uncle's house 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: Indecent irradiated double fault 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: aphrodisiac toilet seat step-uncle's house Oh for real (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35634135) |