Tagged Questions
4
votes
3answers
153 views
How should I calculate the opportunity cost of using a 401(k) loan?
I've seen a number of financial articles that discuss the "opportunity cost" of using a 401(k) loan; however, I don't seem to recall ever seeing a good formula or calculation that can be done to ...
4
votes
1answer
163 views
How to deal with my job change & 401k loan that I can't fully pay back?
It's been 60 days since I changed my job and I have an outstanding 401(k) loan of $30K(+30k non loan amount). I have only $20K to pay and my 401k plan won't accept the partial amount.
I still didn't ...
3
votes
1answer
148 views
Does it make sense to get a 401k loan for land purchase?
Does it make sense to use a 401k loan as a downpayment on land that you intend to build a house on?
I am currently in one house, however, I do not have much cash to make a downpayment on land that ...
3
votes
4answers
106 views
What is a 401(k) Loan Provision?
I'm considering a few job offers for post-college, and I'm wondering how this (Roth) 401(k) plan stacks up against the average offering:
After one year of service, [Company] will:
...
11
votes
2answers
555 views
How do loans against 401k / 403b accounts work?
I'm really clueless about these loans. Who gets the interest? Does the account fund the loan, or are they simply used as collateral? What are the tax implications?
5
votes
3answers
410 views
Should I take a loan on my 401k to repay student loans?
I have a student loan that has 6.5% interest (highest rate of many) and would be able to repay it if I took a loan on my 401k. I know the basic trade-off is that my money may do better in the 401k ...
