Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "If you took money out of your TSP for a downpayment on a house...."
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Let's say you took 50k out for a down payment at 30. 50k compounded at 7% until age 65 is [b]$533,829[/b]. That's the real cost of a 401k loan. [/quote] But that 50k is paid off in just a few years. It’s not taken out permanently.[/quote] Most people are repaying their 401k loan in lieu of current year contributions, so it's still likely a net -50k gap in the account.[/quote] No, not us. We have made the decision to continue making out our retirement contributions (something like $18.5k per spouse) this year plus paying back the TSP. We also had a TSP loan in mind when we maxed out our contributions in the years prior to taking the loan for a home purchase.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
