Thank you cares act!!!! 401k is mine

[Ou812fu]

I too am a good goy. Last I checked mine was 842

Oohh dear lord. Are you bigger then him to?? Prove it!!! Na Na Na boo boo.

 

[G.V. Rush]

So should I pull my 25k in prudential 401k or not? FYI I’m dumb with money

 

[BadIdeaGuy]

So should I pull my 25k in prudential 401k or not? FYI I’m dumb with money

@IVE GOTTA PACKAGE 4U

 

[IVE GOTTA PACKAGE 4U]

So should I pull my 25k in prudential 401k or not? FYI I’m dumb with money

No sir you should increase your contributions right now

 

[baklava]

I have two 401Ks; the prudential Teamsters and the UPS savings plan from when I was a PT sup. My old management 401K is 100% ups stock and obviously flying high right now. I’d definitely liquidate it and take advantage of not having to pay the penalty. So my question is...how did you do it?

 

[baklava]

So should I pull my 25k in prudential 401k or not? FYI I’m dumb with money

I would if it was toward a down payment for a house. Otherwise, take Gumby’s advice.

 

[IVE GOTTA PACKAGE 4U]

I have two 401Ks; the prudential Teamsters and the UPS savings plan from when I was a PT sup. My old management 401K is 100% ups stock and obviously flying high right now. I’d definitely liquidate it and take advantage of not having to pay the penalty. So my question is...how did you do it?

Maybe @Dragon can help.

 

[Faceplanted]

So should I pull my 25k in prudential 401k or not? FYI I’m dumb with money

keep it in.

 

[Brownslave688]

I would if it was toward a down payment for a house. Otherwise, take Gumby’s advice.

A house you’ll never use the equity in? Yeah.....no

 

[pkgdriver]

I hate to ruin story time but 842 is basically an impossible score to attain. That puts you in the top 1% of the top 1% of the top 1%. Carry on though, don’t let me ruin story time.

Another 842 here....on occasion is higher....Helps get 8hr days approved in my center.

 

[The Driver]

it’s not far fetch at all to think that very soon, depending on witch group is in power....

 

[baklava]

A house you’ll never use the equity in? Yeah.....no

I was thinking a house to live in. It’s difficult to save cash for a down payment when you have to shell out exorbitant Bay Area rent every month. I’m not claiming to be a financially savvy guy, just saying what I would do

 

[IVE GOTTA PACKAGE 4U]

I was thinking a house to live in. It’s difficult to save cash for a down payment when you have to shell out exorbitant Bay Area rent every month. I’m not claiming to be a financially savvy guy, just saying what I would do

You should work more hours

 

[Faceplanted]

I was thinking a house to live in. It’s difficult to save cash for a down payment when you have to shell out exorbitant Bay Area rent every month. I’m not claiming to be a financially savvy guy, just saying what I would do

Rent is down about 3.5% in the bay since march. Everybody is leaving the cities.

Just wait till the soy boys burn down half of the city if Trump wins and you will be able to buy a house in San Francisco for 300k

 

[Brownslave688]

I was thinking a house to live in. It’s difficult to save cash for a down payment when you have to shell out exorbitant Bay Area rent every month. I’m not claiming to be a financially savvy guy, just saying what I would do

Don’t need much of a down payment anymore to get a loan and rates are low as can be.

My point being that money is gonna make you far more in the 401k than it’s gonna save you in interest.

 

[Faceplanted]

Don’t need much of a down payment anymore to get a loan and rates are low as can be.

My point being that money is gonna make you far more in the 401k than it’s gonna save you in interest.

actually owning a house instead of renting will return about 10% yearly in home equity similar to stonks and he will have a roof over his head. 2 sides to the coin.

 

[Brownslave688]

actually owning a house instead of renting will return about 10% yearly in home equity similar to stonks and he will have a roof over his head. 2 sides to the coin.

But almost no one uses that equity so it’s worthless


I guess if a reverse mortgage is the retirement plan.....go for it.

 

[Faceplanted]

But almost no one uses that equity so it’s worthless


I guess if a reverse mortgage is the retirement plan.....go for it.

you can use that equity to leverage another property to rent for passive income. But like you said nobody uses It

I would personally say owning a home is much better than renting your whole life with a large 401k

 

[Ou812fu]

actually owning a house instead of renting will return about 10% yearly in home equity similar to stonks and he will have a roof over his head. 2 sides to the coin.

Owning two houses and renting one out in a good area. Can be one of the best investments. Well right after 9/11.

 

[IVE GOTTA PACKAGE 4U]

Owning two houses and renting one out in a good area. Can be one of the best investments. Well right after 9/11.

How would you like to be a landlord right now? People can't pay their rents and you can't kick them out