Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
Life After Brown
We're buying a house.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 522715" data-attributes="member: 12570"><p>Steve has more than enough time before retirement to build that 401k back up. He said that he was debating whether to sell stock or borrow from the 401k and I think he made the right choice. He will basically be paying himself back (with interest) over how many months he deicided so it is not a bad option. Yes, he will lose the investing power of that amount of money, but I still think he has made the right choice. </p><p> </p><p>When my kids were in college I took out loans from my 401k (8 loans in total). I made sure that the loans were 12 months or less in length and had 2 loans in use at the same time but my 401k came out just fine; in fact, I was more adversely affected by the recession than by the loans.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 522715, member: 12570"] Steve has more than enough time before retirement to build that 401k back up. He said that he was debating whether to sell stock or borrow from the 401k and I think he made the right choice. He will basically be paying himself back (with interest) over how many months he deicided so it is not a bad option. Yes, he will lose the investing power of that amount of money, but I still think he has made the right choice. When my kids were in college I took out loans from my 401k (8 loans in total). I made sure that the loans were 12 months or less in length and had 2 loans in use at the same time but my 401k came out just fine; in fact, I was more adversely affected by the recession than by the loans. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
Life After Brown
We're buying a house.
Top