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Money and Finances
Reply to "If you took money out of your TSP for a downpayment on a house...."
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[quote=Anonymous][quote=Anonymous]But you are paying the loan back with post tax money so you are effectively paying more. Repaying pre tax money with post tax money. [/quote] This is simply false. Suppose I loaned myself $50K today, put the money in my chekcing account, and then used the same $50K to repay the loan in full tomorrow (no extra taxes). Now suppose I loan myself $50K, put it in a savings account, and use a different $50K, derived from labor market earnings, to repay the loan. But this is identical to the previous scenario, and no extra taxes have been incurred. Extending the timeframe (e.g., repaying the loan after 5 years instead of the next day) does not change anything.[/quote]
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