Do some online research about borrowing or taking out a loan from your 401(K) plan and you will see about 99% of the sites you visit will tell you to never borrow money from your pension.
So, why did I borrow from mine? I will tell you.
First, mine is not a 401(K). It is [...]
Posts Tagged ‘Payroll Deduction’
Why Did I Borrow From My Pension Plan?
Posted by admin on December 8th, 2010
Posted in Pensions 
Tags: Automatic Payroll, Direct Deposit, Downside, Enough Money, Equity Line Of Credit, Fifty Dollars, First Option, Home Equity Line, Home Equity Line Of Credit, Mail, Paperwork, Payroll Deduction, Pension Fund, Pension Plan, Pension Plans, Personal Use, Property Investment, Thousands Of Dollars, Thrift Savings Plan, Tsp 
No Comments »Should You Borrow From Your 401(K) Or TSP?
Posted by admin on June 1st, 2010
Conventional wisdom says that you should never, ever borrow from your 401(K). Financial gurus tell us that we should not take money out of our 410(K) for tax reasons and that many people do not have the self-control to pay back the loan.
With a Thrift Savings Plan (TSP), the government’s version of a 401(K) [...]
Posted in 401k Retirement Plan Tags: Billion Dollars, Borrowing Money, Conventional Wisdom, Credit Checks, Equity Line Of Credit, Financial Gurus, Government Retirement, Heloc, Home Equity Line, Home Equity Line Of Credit, Interest Rate, Little Bit, Paperwork, Paycheck, Payroll Deduction, Percentage Points, Personal Loan, Retirement Program, Self Control, Thrift Savings Plan No Comments »
