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(former)FormerSanDiegan
Participant[quote=4plexowner]1. what about the fact that 25% of our workforce (Baby Boomers) are going to try to retire over the next ten years?
many of them will try to downsize by selling their houses
[/quote]Why is it that all demographic arguments focus on the baby boomers. What about the children of the boomers, who actually outnumber the boomer generation ?
The first part of this wave is in their early 30’s. While the size of the echo boomer generation is not large enough to solve the Social Security problems (which relies on a large number of workers per retiree) they are larger than the boomers and will impact many other parts of the economy and society.
ParticipantWhat did people say on this board back in March ?
I’m pretty sure there were few suggesting to buy stocks.
ParticipantWhat did people say on this board back in March ?
I’m pretty sure there were few suggesting to buy stocks.
ParticipantWhat did people say on this board back in March ?
I’m pretty sure there were few suggesting to buy stocks.
ParticipantWhat did people say on this board back in March ?
I’m pretty sure there were few suggesting to buy stocks.
ParticipantWhat did people say on this board back in March ?
I’m pretty sure there were few suggesting to buy stocks.
ParticipantI don;t know the answer, but I would assume that the loan mod might depend on assessing the borrowers capability to pay (if they desired) and at least disclosing retirement account balances is probably part of that process. If I were the borrower trying to mod, I would not sacrifice my 401k (the main reason being that a large chunk would be lost to taxes and penalties).
Either way, be prepared to wait a long time for the outcome.
ParticipantI don;t know the answer, but I would assume that the loan mod might depend on assessing the borrowers capability to pay (if they desired) and at least disclosing retirement account balances is probably part of that process. If I were the borrower trying to mod, I would not sacrifice my 401k (the main reason being that a large chunk would be lost to taxes and penalties).
Either way, be prepared to wait a long time for the outcome.
ParticipantI don;t know the answer, but I would assume that the loan mod might depend on assessing the borrowers capability to pay (if they desired) and at least disclosing retirement account balances is probably part of that process. If I were the borrower trying to mod, I would not sacrifice my 401k (the main reason being that a large chunk would be lost to taxes and penalties).
Either way, be prepared to wait a long time for the outcome.
ParticipantI don;t know the answer, but I would assume that the loan mod might depend on assessing the borrowers capability to pay (if they desired) and at least disclosing retirement account balances is probably part of that process. If I were the borrower trying to mod, I would not sacrifice my 401k (the main reason being that a large chunk would be lost to taxes and penalties).
Either way, be prepared to wait a long time for the outcome.
ParticipantI don;t know the answer, but I would assume that the loan mod might depend on assessing the borrowers capability to pay (if they desired) and at least disclosing retirement account balances is probably part of that process. If I were the borrower trying to mod, I would not sacrifice my 401k (the main reason being that a large chunk would be lost to taxes and penalties).
Either way, be prepared to wait a long time for the outcome.
ParticipantIs your broker trying to get you to refinance instead of going for loan mod ?
ParticipantIs your broker trying to get you to refinance instead of going for loan mod ?
ParticipantIs your broker trying to get you to refinance instead of going for loan mod ?
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