Should I Take Out Money From My 401K To Pay Off My Timeshare? ?
Question by Rosseau | Posted in Personal Finance
I have $20,000+ in my 401K account. I bought a timeshare with an ex-boyfriend five years ago. (I be sure, I know)
Monthly payment: $168
Interest: 17%
Will be paid-off in 10 years. I have five more years to go.
In circulation
Answer: since you are talking about an interest fee on taking money from the 401k I would assume that you are talking about a 401k lend. This is a personal decision based upon expected returns and your job custody. Given current market conditions that 5% reappearance
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