The Motley Fool Discussion Boards

Previous Page

Financial Planning / Foolish 401(k)s

URL:  http://boards.fool.com/to-pkrepps-i-couldnt-agree-more-with-jenniebez-12168548.aspx

Subject:  Re: 401K Loan to Fund Roth? Date:  3/9/2000  7:37 PM
Author:  akanpk Number:  6909 of 25214

to pkrepps,
I couldn't agree more with Jenniebez' first reply, and was also glad to hear you're still contributing to both the 401K & Roth! I too would recommend reducing future 401K contributions to fund the Roth (assuming you put in enough to get max employer contribution). I'd leave that 401K as is--do you have any other fund (ie more agressive growth) options in your 401K that might better serve your goals?--and put that would-be loan payment+interest straight into the Roth.
cheers! npk
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us