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I’m 40, getting divorced and need $70K to buy out the house for me and the kids. Do I borrow or use my 401(k)?
Yahoo Finance· 2025-09-09 11:30
Possible penalties: If the funds are pulled directly (meaning, into cash, rather than rolling over into your ex’s retirement account), you'll usually have to pay a 10% penalty plus possible income tax [4]. And if this amount pushes you over into a higher tax bracket, then be prepared to pay more when it’s time to file.Weaker long-term security: Taking out these funds now reduces your retirement cushion and may force you to work longer to afford the retirement you want.Loss of compound growth: Removing $70,0 ...
X @Investopedia
Investopedia· 2025-09-07 19:00
Before taking out a personal loan, you should pre-qualify with several lenders to find the best possible rates. We’ll show you how to pre-qualify for loans and compare your options. https://t.co/LTwNfC02lP ...
X @Investopedia
Investopedia· 2025-08-08 14:30
Before taking out a personal loan, you should pre-qualify with several lenders to find the best possible rates. We’ll show you how to pre-qualify for loans and compare your options. https://t.co/Yf3oVJb3Kg ...