The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt

URL:  https://boards.fool.com/and-i-forgot-to-add-along-with-paying-about-31621326.aspx

Subject:  Re: The downside of 401k loans... Date:  2/10/2015  2:35 PM
Author:  PSUEngineer Number:  309012 of 312956

And I forgot to add - along with paying about $5.5k less in interest (even more if you pay off the HELoan earlier), you will be putting $48k back into your 401(k) plans that won't be there if you decide to take the money out as a distribution. Assuming 20 years growth at 6%, that's an additional $154k in your 401(k).

I should have read ahead.

PSU
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us