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Abundy007
| Favorite team: | LSU  |
| Location: | Slidell |
| Biography: | |
| Interests: | |
| Occupation: | Engineer |
| Number of Posts: | 5 |
| Registered on: | 4/21/2024 |
| Online Status: | Not Online |
Recent Posts
Message
Thank you. I have a financial advisor and he recommends not to take any money from my 401k.
I have a financial planner and he manages my money I was just asking other people for their opinions. During Covid (what a joke) the was a law that you could take money from your 401k and not be penalized but I think that law expired back 2022. I will be good either way and for the smart arse who made the comment about being a typical parent, who judge me when you don’t know anything about me and my parenting skills.
I have a financial planner and he manages my money I was just asking other people for their opinions. During Covid (what a joke) the was a law that you could take money from your 401k and not be penalized but I think that law expired back 2022. I will be good either way and for the smart arse who made the comment about being a typical parent, who judge me when you don’t know anything about me and my parenting skills.
2
re: Student Loans
Posted by Abundy007 on 4/22/24 at 1:01 pm to TorchtheFlyingTiger
The loans are in my name and are Federal loans (NELNET). My 401k is well funded. I’m just trying to be a good parent and pay off her student loan. She is graduating with a 4.0 for all four years of school. I’m 56 years old about to be 57 so I’m trying to reduce my debt so I can retire and me and my wife can enjoy life. If that’s being a bad parent then I don’t need your silly arse comments.
re: Student Loans
Posted by Abundy007 on 4/21/24 at 1:17 pm to Dawgfanman
Thank you
re: Student Loans
Posted by Abundy007 on 4/21/24 at 1:12 pm to Dawgfanman
I’m 56 will be 57 in September thank you for replying. Can you refinance your student loans? Or can you do a hardship loan from your 401k? I’m just trying to either pay her loan off of get a lower interest rate on her student loan.
Thank you
Thank you
Student Loans
Posted by Abundy007 on 4/21/24 at 1:02 pm
My daughter is graduating in May 2024 should I take money from my 401k to pay off her student loans ~ 50k? We have been paying on it but the interest rate on her loan is about 8%. Im no financial guy but my wife and I have worked hard the past 30 years and we don’t won’t to keep paying these monthly loan notes because basically we’re just paying the interest not the principal.
Any guidance or recommendations would be greatly appreciated.
Any guidance or recommendations would be greatly appreciated.
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