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Subject:  Re: The downside of 401k loans... Date:  2/10/2015  6:00 PM
Author:  aj485 Number:  309020 of 312949

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.

Can you show her how much higher they would be if you had left the $50k in? Not just the $50k, but the $50k plus the growth that it would have had, minus the small amount of payback that has occurred?

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...

Good luck! I hope that you can convince her that the $50k was gone once you spent it on the renovations.

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