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Thank you cares act!!!! 401k is mine
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<blockquote data-quote="Overpaid Union Thug" data-source="post: 4608808" data-attributes="member: 198"><p>Slightly different topic but that is exactly what I can’t get through to a buddy of mine. He has taken out quite a few substantial “loans” against his 401k over the years. Not for emergencies. Not for anything most people would consider worthy of raiding their nest egg for. Only to buy cars and a few other odds and ends. He justifies it by saying “it’s the best way to borrow money cause you’re paying yourself back with interest.</p></blockquote><p></p>
[QUOTE="Overpaid Union Thug, post: 4608808, member: 198"] Slightly different topic but that is exactly what I can’t get through to a buddy of mine. He has taken out quite a few substantial “loans” against his 401k over the years. Not for emergencies. Not for anything most people would consider worthy of raiding their nest egg for. Only to buy cars and a few other odds and ends. He justifies it by saying “it’s the best way to borrow money cause you’re paying yourself back with interest. [/QUOTE]
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Thank you cares act!!!! 401k is mine
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