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I post in a very "matter of fact" manner. It can come across as rude. I realize that is a short-coming of the writer, not the reader.
I apologize if you felt I was insulting you.
It is not you I had in mind when I said "made popular by people who fail to grasp basic arithmetic", but a popular tel...more
You couldn't? I tried cutting and pasting, replacing "backslash" with "/", and I got there. I'm using Internet Explorer. The authors of the study are Geng Li and Paul A Smith, both economists. Perhaps try Googling "Borrowing from 401k Geng Li Paul A Smith"?
I agree with you that borrowing from your 401k shou...more
What you are saying is a fallacy. It gets repeated a lot, even by a certain television personality, so I don't fault you.
I suggest you Google " double taxation of 401k loan fallacy" and see the many, many links written on this very topic.
Here is a 2008 academic study from an authoratat...more
This incorrect statement has been made popular by people who don't grasp basic arithmetic.
What is the answer to: 1 - 1 + 1 ?
Is it 2? No, it is 1.
Where does the "- 1" come from? It comes from the loan proceeds, which are tax-free. You can't just ignore that fact. (Well, you can, but it lead...more