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401k loan -payoff now?
Posted on 3/13/20 at 10:02 am
Posted on 3/13/20 at 10:02 am
We took a short term 401k loan to buy some property. Loan was for 35k. We owe 29k and can pay it in cash right now. Question is, we had to pay interest to ourselves so far. If we buy back, do we buy at the new share price and end up with more shares? If so, seems like we should pay it off. Net position would be better off than we started when the bear turns back to a bull.
This post was edited on 3/13/20 at 10:06 am
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