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Mar 30, 2024
3:27
:29
pm
Bin01015
Playmaker
This sounds like the conversation I had with my wife the other day.
If you didn’t have to pay with post tax dollars, everyone take loans and repay it.
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Bin01015
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Bin01015
Joined
Feb 4, 2016
Last login
May 13, 2024
Total posts
1,530 (2 FO)
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Messages
Author
Time
401K loans and opportunity costs: A 401K loan may sound attractive with a good
Pick-Six Coug
Mar 29, 10:12pm
Best thing I ever did with my 401k is nothing
CBaass
Mar 29, 10:18pm
I took a loan several years ago and it was before the market went down.
Bin01015
Mar 29, 10:21pm
You have to take a wholistic view of your finances. No biggie if you are
VenturaCoug
Mar 29, 11:06pm
Right now 401K loans are running about 10%, so when someone says you aren’t
Acorn
Mar 30, 6:48am
You’re not earning a guaranteed 10%, you are paying yourself back +10%. That
Cougz19
Mar 30, 9:28am
You can pay interest to someone else or you can pay it to yourself.
Acorn
Mar 30, 1:02pm
I turned my $25k 401k withdrawal into a ~$275k unrealized home equity gain. Not too shabby though I say so myself.
CertainDeath
Mar 30, 9:15am
You also repay the loan with After Tax dollars, then get taxed again withdraw
SwanSong
Mar 30, 2:28pm
This sounds like the conversation I had with my wife the other day.
Bin01015
Mar 30, 3:27pm
True if not a Roth. That’s why I prefer using the 60-day rule if possible.
VenturaCoug
Mar 30, 3:55pm
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