Quote:
Originally Posted by gatorfast
Quote:
Originally Posted by Run Silent
Quote:
Originally Posted by gatorfast
Quote:
Originally Posted by Run Silent
My ultimate answer is to cashflow school and pay as you go. It's easier than many people think.
That being said - if that isn't an option for you then do not use the 401(k) and here is why:
1) Aside from the taxes, you will pay a 10% penalty and lose the interest gained if it was still there.
2) Overall, that nets to an interest rate likely to be somewhere around 30%.
Would you borrow money at 30% interest to go to school? I think we all know the answer to that question.
With respect to your comments about no growth - something is wrong. The market has nearly doubled in the last year. Just having it in standard index funds would have netted you a gain of double what you had last year.
You need to make some adjustments in there right away.
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Uhh the market has done well over the last year but it most certainly has not doubled... |
Fair. It's doubled in the last 4 years. Point still stands. |
No it hasn't...
Where are you seeing this? Using the S&P 500 as a benchmark it was ~2,000 in 2016 and is a little over 3,000 today. A roughly 50% increase which is great but far short of a double. |
Why are you arguing with me on this? You're the guy where someone asks if the sun rises in the east and I say yes, in the east at 710am. And then you whine that it's actually 714am. Point still stands.
I used the DJIA.
16,300 in Jan 2016. Almost 30,000 today. Close as makes no difference, it doubled.
Stop being an internet pedantic.