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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: The downside of 401k loans... Date:  2/10/2015  5:00 PM
Author:  PSUEngineer Number:  309017 of 312956

As both you and PSU mentioned, the long term value of that $48k is potentially much greater. I get that. Convincing her to see it that way is my challenge. She's good (great) at many things, but financial matters is not one of them.

I think sometimes putting the facts on paper in as simple form as possible and allowing a person to read them before having a discussion can be helpful. I wouldn't bother with the calculations or assumptions. Just a simple table or list showing the final numbers. AJ gave you many of the number you need. Just leave off the discussion.

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