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Updated almost 9 years ago on . Most recent reply

Ryan Acain's profile image
Ryan Acain's profile image
Ryan Acain
  • Multi-family Investor
  • from San Diego, California
  • Member since Feb 6, 2014
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Ryan Acain's profile image
Ryan Acain's profile image
Ryan Acain
  • Multi-family Investor
  • from San Diego, California
  • Member since Feb 6, 2014
Connect
Ryan Acain
  • Multi-family Investor
  • San Diego, CA
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Personal Finance

Repay 401k Loan or Continue Saving

Ryan Acain
  • Multi-family Investor
  • San Diego, CA
Posted

I'd like to hear suggestions on my current situation. Currently I have $8k 401K Loan (4.25%), and $10k in Bank savings account, no other outstanding loans or credit card debt. My goal this year is to save $20k to invest in a Rental Property. Should I immediately pay of my 401K loan? or continue to save towards my goal?

Looking forward to hear everyone's suggestions. Thank you.

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