Wow

[mstng86]

Yes, you do. You pay the interest charged on your 401K loan back with money on which you have already paid tax, then you will pay tax on that same interest again when you withdraw it as part of your 401K distribution.

You are right, I was thinking more in terms of having to take a hit when taking the loan AND having to report it as income on your taxes.

[mstng86]

<--- Major tit sucker

Salary check
Vacation 5 weeks, check
401K with matching check dollar for dollar up to 9%
vision/dental/health insurance check, but this is getting harder to swallow
Company matched life insurance check
Anual Bonus Structure check
Tuition Reimbursement check


Move over, I need some of that milk too.

[Silverback]

and if I don't get a raise/promotion come next year, I'll be finding a new tit to suck, or at least a new nipple on this same tit

[Lason]

What happened to Grape? Nascar started turning right and he gets all mad

[Zfan]

and everyone made fun of my Dave Ramsey post earlier in the year

My wife and I took the Dave Ramsey course too, 6 months living expenses tucked away at all times! House will be paid for in a few months, granted it is not a big house but it works.

[Grape]

sounds like you guys have it figured out, best of luck to ya........

[mustangguy289]

sounds like you guys have it figured out, best of luck to ya........

throwing in the towel that easy huh?

Just please explain how that is sucking the tit?

[Hmbre97]

sounds like you guys have it figured out, best of luck to ya........

LOL @ at a company matching your 401k = tit sucking

I'm suckling @ 6% BTW

[Ruffdaddy]

throwing in the towel that easy huh?

Just please explain how that is sucking the tit?

Just because you graduated with a higher degree, work your ass off for am agreed upon rate, and pay your taxes...

You think you deserve a retirement? Man you are really draining the system.

[quikag]

I read this article when it came out and I had a hard time believing how financially irresponsible most people are nowadays. The best advice I ever heard and I'm sticking to it is find an income level you are comfortable at, say $50-75k or whatever. Then, as you and/or your wife earn more and more money as you progress in your career STAY AT THAT SAME STANDARD OF LIVING and bank the difference. You'll be amazed at how liberating that philosophy is. Minimize debt and maximize savings.

[Grimpala]

Just because you graduated with a higher degree, work your ass off for am agreed upon rate, and pay your taxes...

You think you deserve a retirement? Man you are really draining the system.

not sure if srs

[Nash B.]

not sure if srs

I think the point he's trying to convey is that you only deserve retirement if you have a degree.

[Denny]

Man, this thread got full of stupid real quick!

[Chili]

Man, this thread got full of stupid real quick!

As soon as Grape decided to hit the reply button?

[mstng86]

Man, this thread got full of stupid real quick!

Just keeping the seat warm for you!!