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 ‘Thrift Savings Plan’
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 »The seeming lockstep price of Crude Oil and the Morgan
Posted by admin on June 22nd, 2010
The seeming lockstep price of Crude Oil and the Morgan Stanley Capital International EAFE based TSP 401k retirement I Fu
A friend of mine at work got into the I fund (based on the Morgan Stanley Capital International EAFE) at the right time and rode it to some great profits. He said that as oil [...]
Posted in 401k Retirement Plan Tags: C Fund, Curious Fellow, Eafe Index, Exact Percentage, F Fund, G Fund, Hurricane Season, Lba Index, Lehman Brothers, Light Sweet Crude, Morgan Stanley, Morgan Stanley Capital, Morgan Stanley Capital International Eafe, Nymex, Price Of Crude Oil, Retirement Plan, Rising Oil Prices, Royal Dutch Petroleum, Thrift Savings Plan, Wilshire 4500 Index 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 »
