- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Borrow from 401K vs conventional loan???
Posted on 11/9/13 at 11:44 am to HSV Tigah
Posted on 11/9/13 at 11:44 am to HSV Tigah
quote:
am I overlooking something?
Probably. Did you consider these points?
Although you are repaying yourself, you also are committing 401 money to a loan that you could have invested elsewhere, it isn't "free money" at all b/c you are missing out on that investment income.
You are taking out money you didn't pay tax on, and repaying with money that is after-tax.
If you lose your job the full amount of the loan is due immediately.
0
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News