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Old 10-18-2011, 05:31 PM   #41
23
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23's Arena
 
OVR: 65
Join Date: Sep 2002
Location: Los Angeles
Posts: 66,563
Blog Entries: 4
Re: For all of you guys who are homeowners or newly owned

Quote:
Originally Posted by mjb2124
I don't mean to pry, but I sure hope you aren't dipping into your 401k to pay off things? Or did I read that wrong.

I've known people who have done it (co-worker dipped into his to put a down payment on his house), but he had to pay a nice bit in taxes on the money he took out. Plus, it's often not a good idea to take money out of a retirement fund.

Nah, I did to pay off some bills that pretty much would position us to be able to try for a home like right now

Ours allows us to borrow at least half of what we put in unpenalized then we pay it back to ourselves within the amount of time we want to

They match us 75c on the dollar, its a really good one
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