401k loan vs home equity loan

How Do You Define Retirement? – Instead, strictly voluntary 401(k)-type plans are the standard retirement plan. Then there’s the evaporation of home equity that took place after the. You may even be paying off student loans in.

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Wi$eUp: Financial Planning for Generation X & Y Women – Expert Q&A Archive back to archive list 07/31/2006. Home Equity Loan vs. 401(k) Loan "Of course it depends on what your principal amount is and what the interest rates are, but is there a rule of thumb whether it’s smarter to, say, get a home equity loan as opposed to borrowing against.

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Should You Use a Loan to Pay Your Tax Bill? – The good news is that if you’re rate-shopping for home equity or personal loans, multiple inquiries may be treated as a single inquiry for credit-scoring purposes. Using credit cards, withdrawing from.

Does It Ever Make Sense to Get a 401(k) Loan? – The Simple Dollar – With a 401(k) loan, you don't pay a bank interest for the money you.. make sense to take out a 401(k) loan – when you're buying a home.

Tap your 401(k) to buy or remodel a home? – ImprovementCenter –  · 401(k) loan terms: Repay within five years, although repayment of a loan for a home purchase may be extended. Loan repayment must be made at least quarterly over the life of the loan; If you don’t repay the 401(k) loan on time and you are under 59 ½, you’ll pay a 10 percent penalty and regular income tax on the withdrawal.