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Results (9,511+)
Allen Corona Help! Using my 401k for a down
9 March 2020 | 6 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.
Ogechi Ukaegbu $100,000 hard cash to invest in my first home.
5 March 2020 | 14 replies
Just keep in mind egress requirements and the rules on unrelated people in a single family house in whichever municipalty you are in.With 100k you have a lot of options. 
Parker Eberhard Digital infrastructure REITs
13 March 2021 | 2 replies
Is anyone investing in REITs that operate in the digital infrastructure space (cell phone towers, fiber optic networks, server farms, etc).
Alden Tinder Senior in high school... best way to build credit?
8 March 2020 | 6 replies
@Alden TinderGet a low limit ($500) free cc and use it to pay your cell phone bill.
Kacie Benson What if I used the first-time buyer to get ahead?
11 March 2020 | 2 replies
I would have taken which ever one gave me the best deal.
Kurt Heggland STR Owner must live within 75 miles of unit? Is this normal??
8 April 2021 | 16 replies
Ironically, this town removed their last remaining pay phone a decade ago...The landline must be provided for 911, especially for guests that stay out of the country as their cell phones may not work on our networks.  
Vann Calhoune Drawing up contracts
13 March 2020 | 4 replies
Make sure whichever attorney you use is knowledgeable in the area and nuances of the local laws and is willing to go represent you if something goes "wrong" with the contracts you use.
Keith A. Payne Bankruptcy Sale Financing Advise?
10 March 2020 | 0 replies
Buyer is required to pay a 5% of purchase price or $7500 (whichever is greater) surcharge at closing to the bankruptcy estate.
Logan Heydt Living around a Boston, good areas to invest in?
12 November 2020 | 27 replies
Whichever state you're investing in, pay attention to the IRS Opportunity Zones - we have several in NH and you may see a higher ROI if you choose to invest within the zones - food for thought
Paul Sandhu Who utilizes dual band routers?
3 June 2020 | 10 replies
It is best to keep both bands open and connect to whichever one provides better internet.