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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: sepia personal credit line coffee pot (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35632194) |
Date: March 18th, 2018 3:48 PM Author: Chrome pit 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: Exciting set 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: laughsome temple telephone (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: sepia personal credit line coffee pot 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: Ultramarine cracking milk kitty 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: Comical round eye 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: laughsome temple telephone 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: sepia personal credit line coffee pot 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: Cyan Fanboi Piazza 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: iridescent big property pisswyrm 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: Cyan Fanboi Piazza 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: Milky vivacious corner dingle berry 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: 180 vermilion nursing home partner 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: Milky vivacious corner dingle berry Oh for real (http://www.autoadmit.com/thread.php?thread_id=3922132&forum_id=2#35634135) |