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    With interest rates where they are does it make sense to take out a loan on my 401(k) to pay off HELOC?

    @creator123 Ya the fee is $25 lol. The tax implications are the only thing keeping me from it tbh. I have no plans to leave my job in the next few years, I’ve been here 13 already but you never know.
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    With interest rates where they are does it make sense to take out a loan on my 401(k) to pay off HELOC?

    Used the HELOC to do some remodeling when interest rates were around four, he locks are variable so now it’s 9 1/2. I could take out a loan on my 401(k) pay myself to 9 1/2% interest. Just wondering if that makes sense financially or bad idea. We’re paying $1000 a month extra on the HELOC. So...
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    Pay off 8.25% mortgage on land or max both my and my wife’s Roth?

    @kobolt Immediately, it’s open field next to my woods so I’ll put in an acre or so food plot for deer. We’re considering starting a u-cut Christmas tree farm as well, but mostly we just didn’t want neighbors lol. And land pretty much only goes up.
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    Pay off 8.25% mortgage on land or max both my and my wife’s Roth?

    @marilee I would not lol. Just wasn’t sure if over long term growth id make more than I saved.
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    Pay off 8.25% mortgage on land or max both my and my wife’s Roth?

    @judu18 That’s kind of where I was thinking to be honest. Or Just still maxing the Roth. I highly doubt rates are staying at 8% for more than a couple years, they’ll drop to five sooner than later
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    Pay off 8.25% mortgage on land or max both my and my wife’s Roth?

    Vacant land came up for sale next to us and we bought it. Loan is 136,000 at 8.25%. Currently we’re maxing both roth’s. I will be putting $500 extra a month on the loan regardless, but wondering if I should take that $11k a year and drop it on the loan for a few years until hopefully rates come...
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