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Abundy007
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| Number of Posts: | 5 |
| Registered on: | 4/21/2024 |
| Online Status: | Not Online |
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re: Student Loans
Posted by Abundy007 on 4/22/24 at 7:38 pm
Thank you. I have a financial advisor and he recommends not to take any money from my 401k.
I have a financial planner and he manages my money I was just asking other people for their opinions. During Covid (what a joke) the was a law that you could take money from your 401k and not be penalized b...
2
re: Student Loans
Posted by Abundy007 on 4/22/24 at 1:01 pm
The loans are in my name and are Federal loans (NELNET). My 401k is well funded. I’m just trying to be a good parent and pay off her student loan. She is graduating with a 4.0 for all four years of school. I’m 56 years old about to be 57 so I’m trying to reduce my debt so I can retire and me and my ...
re: Student Loans
Posted by Abundy007 on 4/21/24 at 1:17 pm
Thank you...
re: Student Loans
Posted by Abundy007 on 4/21/24 at 1:12 pm
I’m 56 will be 57 in September thank you for replying. Can you refinance your student loans? Or can you do a hardship loan from your 401k? I’m just trying to either pay her loan off of get a lower interest rate on her student loan.
Thank you...
Student Loans
Posted by Abundy007 on 4/21/24 at 1:02 pm
My daughter is graduating in May 2024 should I take money from my 401k to pay off her student loans ~ 50k? We have been paying on it but the interest rate on her loan is about 8%. Im no financial guy but my wife and I have worked hard the past 30 years and we don’t won’t to keep paying these monthly...
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