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Reply to "Should we pay back our 401k loan early? "
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[quote=Anonymous]We took out a $50,000 15-year 401k loan to buy our house nearly four years ago and have about $40,000 remaining on it. We are in the midst of selling off a rental property and will be getting about that much out of the sale. Wondering if we should repay the loan or invest the money some other way, since we are paying the 4.25% interest to ourselves on the 401k loan. Anyone thought through the pros and cons of this? We have no other debts, other than our mortgage. [/quote]
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