The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: The downside of 401k loans... Date:  2/10/2015  5:44 PM
Author:  jeffbrig Number:  309019 of 312949

Maybe if you show her the statement where the 401(k) balance went down by $50k,

And unfortunately, that's part of the problem. It doesn't register fully. The 401(k)'s did well last year. Really well, actually. The sum of our accounts today is actually higher than it was before we took out the loan. I think that's part of the reason why she's willing to let it go. But it seems clear to me that the HEL is the way to go...
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us