SHORT TERM BORROW AGAINST 401K TO HELP GET OUT OF A HOLE? related questions

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SHORT TERM BORROW AGAINST 401K TO HELP GET OUT OF A HOLE?0Denese2012-10-05 02:52:44
Currently my boyfriend is fired , I'm working full time, but we are fighting hard with a new baby and everything else . Since my car is only a 2 door , my parents have been driving the second car as it is 4 doors . My parents told me that if I could sell my car , could lead them still for a while, no car payment until we fix things economically . However, I'll probably get about $ 2,000 less than what you owe on the car . I have someone who offered to buy , but I have to get to the $ 2000 to pay the difference . I know its not the best, but if I borrow against my 401k , which paid off, got rid of the car , and had my loan payments obtained from my paycheck I will not directly hit with tax penalties . Actually , it probably paid in full after the first day of the year comes and I get my tax return . So really I would just borrow from my 401k for a few months . My boyfriend and I are arguing about whether it is ridiculously stupid idea , or if it will help . ( I think it will help, he thinks it's stupid ) . Any advice would be very welcome , because I want to make a good decision and I was not sure where to turn . Thank you !
If you were to borrow money for longer than 1yr would it make sense for you to borrow short/long term loans?0timmathy2012-09-24 03:44:02
On the basis of a yield curve positively sloped government securities .
What would be the best way to borrow 80k short term?0can someone please help me2012-10-14 06:21:39
How could I borrow 80k for about 7-8 months MedlinePlus After roughly calculating some of the charges I have discovered the following .. MedlinePlus MedlinePlus Lender : The charges cost an average of
How banks borrow by using a repurchase agreement which is a short term collateralized loan? Discuss with examp0Rico2012-10-07 10:47:44
How banks borrow through a repurchase agreement , a loan secured short term ? Talk with examp
Borrow from 401k? I think I have the right plan.....?4omraan2012-10-12 10:56:02
I have the high credit card debt spread across several cards and I can not seem to get ahead . MedlinePlus MedlinePlus Thinking about 401k loans to change things once and for all . I know most people are against the idea, but here's my reasoning ; MedlinePlus MedlinePlus My interest credit card is high MedlinePlus MedlinePlus I am looking to pay the 401k loan in 12 months , to minimize the loss of appreciation from those funds in the 401k MedlinePlus MedlinePlus I want out of my routine so bad I really do not care about losing some interest on the amount you are going to borrow , especially when it is only for a period of 12 months , along with the amount of interest you will save in the short and long term credit cards . MedlinePlus MedlinePlus My only real concern is that the loan will be considered income tax time next year . But .... MedlinePlus MedlinePlus I reduced my 401k contribution last year, which increased my taxable income this year and reduced my tax refund. MedlinePlus MedlinePlus To repay the loan as income this year , would be looking to increase my 401k contribution again to help balance the look out . MedlinePlus MedlinePlus It seems that the thing to do ?
Can I borrow from my 401k penalty free?5Anoym.2012-10-16 23:05:03
As we all know , times are tough . I need some quick money now , but do not want to borrow from friends or family , or get a title loan . Someone told me that at this point you can borrow or withdraw money without penalty . Does anyone know ? MedlinePlus MedlinePlus I have about $ 2,000 in my 401k and requires about $ 500 or less for bills , etc.
Macy's Dept store - short term and long term loans?0Neee2012-08-31 05:22:04
In analyzing the short -term and long-term loans for Macy - what reasons should be looking at and why MedlinePlus ? Profitability ratios MedlinePlus Liquidity ratio MedlinePlus Solvency ratio MedlinePlus Market related MedlinePlus MedlinePlus Thank u
Does anyone offer a long-term loan based on a car title, like 2 years, rather than short-term payday things?0deeded2012-09-23 07:00:03
Does anyone offer a long-term loan from a car title and two years , rather than the short term things payday ?
Will the Fed buying back long term debt and selling short term securities save the economy?3eric c.2012-08-24 14:40:03
Will this stimulate the economy and job growth and if you think so please explain how it will work in light of the fact that loans are at record lows of See the link in the editing
Accounting question -what are short term and long term loans?0mavi2012-08-06 22:26:02
when looking at Macy and how I can reach a conclusion with the solvency and liquidity ratio ?
Long term auto loan vs short term (refinancing)?0hafidz2012-09-27 10:40:06
Well, I have 20 years of age and credit history is not much. I have good credit , but not enough credit history that at first I qualified for my 60 months 8.99 APR to my car loan . Now I've waited and built up my credit I am looking to refinance to a better April. MedlinePlus MedlinePlus Now my question is when I refinance to a lower APR must borrow short or long term. If I get a short term , obviously , I'll have April 1 bit better , but if I get a loan for longer and pay more ( for example , if the payment is 200/mo 500/mo I pay to the real car ) Compared with short notice when my monthly payment would be like 300-400 $ and I would pay that much for the car. MedlinePlus MedlinePlus What would help me pay my car faster? The short term or long term, with more twards the car ?
Short-term financing versus longer term borrowing?1reann2012-09-23 16:14:02
in the calculation of interest to : a) $ 150,000 for 3 years @ 10 % in April vs b ) $ 150,000 for 1 year @ 8% APR : MedlinePlus MedlinePlus What is the total interest paid by A? MedlinePlus MedlinePlus how much they would save in interest over three years if Plan B was used and turned each year at the same rate of 8% ? (compared to Plan A) MedlinePlus MedlinePlus What if interest rates on the loan at 8 % up to 13 % in 2nd year and 18 % in the 3rd year?

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