With a 401(k) loan, you borrow money from your retirement savings account. Depending on what your employer's plan allows, you could take out as much as 50% of your vested account balance or $50,000, whichever is less. An exception to this limit is if 50% of the vested account balan...
Whenever you're taking profits to pay for something awesome, it feels like free money. After a long enough time passes, the investments you made will start feeling like undeserved, free money. This is especially true if you geta nice severance checkfor leaving a job you wanted to leave anyw...
contributed to my 401k but I really hadn’t saved my money much at all. And in fact, the University of Chicago had to help me with my down payment when I moved as part of the recruitment. And there’s a gentleman at Harris Bank who, at the time I was very rude to, an...
The alternatives are to keep the money in the 401k and forfeit funding the Roth IRA this year or to significantly reduce our current TSP/401k contributions and fail to max out this year. Please explain how either of those options is preferable to my proposal. In other words, I don’t hav...
2mill,I plan on doing this in the near future after improving my credit score a little bit. I'm waiting for some things to fall off from the previous year as well as paying down my current 0% offer so that my utilization rate is lower. I've posted about exactly how much money you...