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It's basically a bad habit to raid retirement accounts for cash.
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Dec 1, 2014 04:54
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Not to mention thanks to Uncle Sam, credit is cheap right now. With good credit you can expect to pay 2% to 3% for a auto loan, which wouldn't involved raiding retirement savings.
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Dec 1, 2014 07:48
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Elephanthead posted:Where can I find guaranteed market gains all you people keep referencing? Am I to assume the market only goes up forever at 3.5%? You are confusing me. For a 20k car using the retirement money piggybank option the dividends alone tend to pay 2 to 3 percent along with any market gain for the year. It's why using retirement accounts for piggybank and loan is not recommended financial advisors. Assuming you have good credit being able to get a low cost loan is the preferable option.
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Dec 2, 2014 01:45
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