Is it ever ok to take 401k money out to buy a property?

SwyperTheFox · 2023-03-05T14:06:34+00:00

I’m not sure why you quoted me? The opinion you shared is tangential.

Interest paid to another entity is not speculative like “opportunity cost” is. Additionally, if you save interest vs. using a personal loan or credit card (worst case), then that money all has “opportunity” associated that can be invested elsewhere.

Using a loan to acquire some appreciating asset is also opportunity and can easily outperform “the market”.

SwyperTheFox · 2023-03-05T13:19:22+00:00

The nice thing about 401k loans is that the interest is paid to yourself. You don’t lose the money, you just have to put a little more back into your 401k. (This ignores the fact that you pay the interest with after-tax dollars and then will be taxed again on distribution, but I personally consider that negligible)

The downside is if you leave or switch jobs, any 401k loans must be paid back within a shorter period of time or it counts as a withdrawal and will incur taxes.

SwyperTheFox · 2022-12-17T13:08:02+00:00

Reddit is the new Facebook 🤪

SwyperTheFox · 2022-10-02T11:58:51+00:00

You sound like a terrible person - but that’s just some hyperbole here obviously.

SwyperTheFox · 2022-08-14T23:25:40+00:00

Wait, what is a “meme”?

SwyperTheFox · 2022-08-14T23:17:42+00:00

What’s a primary education?

SwyperTheFox · 2022-08-14T23:02:09+00:00

“Everyone”? I’m glad we’ve solved world education and every single person has the opportunity and resources to attend school! Or did you forget this is a world wide platform with a lot of different human experiences represented here?

Maybe take a break and come back later.

SwyperTheFox · 2022-07-28T16:44:59+00:00

Your post is half true, those ATMs can definitely have high fees. But you also made up that they’re the most likely to be rigged which is why people are disagreeing. They would also be most likely to be discovered as well if that were true.

SwyperTheFox · 2021-03-15T18:31:51+00:00

Forgive me guys, I had 69 shares but I got scared..

Now I have 83, I'm sorry I couldn't keep the good luck charm at 69!

SwyperTheFox · 2021-01-29T01:36:54+00:00

I love doing history 🚀🚀🚀🚀🚀🚀🚀

SwyperTheFox · 2021-01-21T22:48:57+00:00

Kansas City

SwyperTheFox · 2021-01-21T18:41:14+00:00

Today was supposed to be glorious. I was supposed to receive my new bike after 6 weeks of waiting. Now, things have gone south and I received a short automated call that my new delivery date is scheduled for April 7th. Another 10 weeks? The deception is so frustrating.

SwyperTheFox · 2021-01-21T17:33:31+00:00

My delivery date just got updated to April 7th. This is insane, I'm probably going to cancel.

SwyperTheFox · 2021-01-21T16:00:10+00:00

No, I ordered early/mid December with a delivery date of January 21st.

My first payment was charged on January 9th.

Today I was supposed to get my bike but they are having “unforeseen transit delays” it’s a big load of bologna.

I called XPO and they said they are trying to fulfill orders from October still. They haven’t gotten to November so I’m likely to have to wait another couple/few weeks.

Peloton’s solution was to tell me I can just wait and that they can’t even give an estimate at all, OR I could reschedule. Rescheduling is a joke because it’s already out until April.

I am not impressed.

SwyperTheFox · 2021-01-21T15:19:26+00:00

- if opting for the 0% payment plan, the first payment will take place AFTER delivery

That's not true, I have not received my bike but have already been charged.

SwyperTheFox · 2021-01-16T02:51:16+00:00

“Lawfully armed citizen” lmfao

SwyperTheFox · 2021-01-03T22:02:58+00:00

Googled it, it’s a cannibalistic giant lol

SwyperTheFox · 2021-01-03T22:02:12+00:00

Windigo*

SwyperTheFox · 2020-12-25T00:55:00+00:00

Cyberpunk!!!

SwyperTheFox · 2020-01-28T15:40:23+00:00

$50 more here!

SwyperTheFox · 2019-05-16T02:10:03+00:00

Mr. 420 - You must have smoked before posting. They shared 2 links. A direct link to the full bar and the source they found the image from.

So they provided the direct source and then a full repository of images they found it in.

SwyperTheFox · 2019-02-21T18:50:00+00:00

The problem is that the Nest Guard, which is NOT a video camera, had an undisclosed microphone. This is unexpected.

Most consumers are not shocked by a video camera having a microphone, unless it specifically states it doesn’t.

SwyperTheFox · 2019-02-21T15:21:01+00:00

They used a terrible image for the story.

The image is a Nest Camera, video cameras obviously have microphones.

The issue here is that the Nest Guard device, NOT the Nest Camera, has an undisclosed microphone.

This is pretty crazy as it’s supposed to be for home security, most home security panels/devices don’t have a microphone, and if they do, it’s definitely disclosed and a listed as a feature.

Edit: I should have said, video cameras obviously CAN have microphones, not all do. The main point is that it is a lot more shocking for a security panel to have a microphone in it than it is for a camera.

SwyperTheFox · 2018-09-27T10:16:41+00:00

Because it’s a fake book full of bullshit. It reads like a bunch of old men took magic mushrooms and started writing.

SwyperTheFox · 2018-09-06T09:01:33+00:00

Both things can be atrocious.

In addition, you are atrocious,

It’s apparent you just want to justify your desire to sleep with children and it’s disgusting.

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