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January 15, 2009 at 11:27 AM in reply to: Does it make sense to borrow money out of 401K to refinance? #329633January 15, 2009 at 11:27 AM in reply to: Does it make sense to borrow money out of 401K to refinance? #329704
sdduuuude
Participant[quote=joestool]
The only money that is double taxed is the extra amount of post tax money you are additionally paying back as interest to yourself. That extra amount of interest is paid back into your 401k to compound tax free until distribution.
[/quote]Can’t you write off the interest paid as a tax deduction? This means, you deduct the interest at today’s tax rate, but pay deferred tax on it when you take it out, thus negating any double-taxing.
Cool thread. Interesting question. This sounds like an interesting way to get a fair return on your both your IRA investments and your mortgage.
I’m wondering if I can use a 20% interest rate to get more tax-deferred money into my IRA.
If you default on your own loan, can you foreclose and put the house in the IRA? Really – this is a fascinating topic.
By the way – is that Joe’s tool or Joe Stool ? I can’t say either are attractive usernames :O
January 15, 2009 at 11:27 AM in reply to: Does it make sense to borrow money out of 401K to refinance? #329731Participant[quote=joestool]
The only money that is double taxed is the extra amount of post tax money you are additionally paying back as interest to yourself. That extra amount of interest is paid back into your 401k to compound tax free until distribution.
[/quote]Can’t you write off the interest paid as a tax deduction? This means, you deduct the interest at today’s tax rate, but pay deferred tax on it when you take it out, thus negating any double-taxing.
Cool thread. Interesting question. This sounds like an interesting way to get a fair return on your both your IRA investments and your mortgage.
I’m wondering if I can use a 20% interest rate to get more tax-deferred money into my IRA.
If you default on your own loan, can you foreclose and put the house in the IRA? Really – this is a fascinating topic.
By the way – is that Joe’s tool or Joe Stool ? I can’t say either are attractive usernames :O
January 15, 2009 at 11:27 AM in reply to: Does it make sense to borrow money out of 401K to refinance? #329815Participant[quote=joestool]
The only money that is double taxed is the extra amount of post tax money you are additionally paying back as interest to yourself. That extra amount of interest is paid back into your 401k to compound tax free until distribution.
[/quote]Can’t you write off the interest paid as a tax deduction? This means, you deduct the interest at today’s tax rate, but pay deferred tax on it when you take it out, thus negating any double-taxing.
Cool thread. Interesting question. This sounds like an interesting way to get a fair return on your both your IRA investments and your mortgage.
I’m wondering if I can use a 20% interest rate to get more tax-deferred money into my IRA.
If you default on your own loan, can you foreclose and put the house in the IRA? Really – this is a fascinating topic.
By the way – is that Joe’s tool or Joe Stool ? I can’t say either are attractive usernames :O
Participantdavelj – right. But it was a lost DECADE. That’s a long time. Even at 1/3 the size it doesn’t seem to suggest near-term recovery. Maybe he wasn’t saying near-term. He did say “one day.”
Participantdavelj – right. But it was a lost DECADE. That’s a long time. Even at 1/3 the size it doesn’t seem to suggest near-term recovery. Maybe he wasn’t saying near-term. He did say “one day.”
Participantdavelj – right. But it was a lost DECADE. That’s a long time. Even at 1/3 the size it doesn’t seem to suggest near-term recovery. Maybe he wasn’t saying near-term. He did say “one day.”
Participantdavelj – right. But it was a lost DECADE. That’s a long time. Even at 1/3 the size it doesn’t seem to suggest near-term recovery. Maybe he wasn’t saying near-term. He did say “one day.”
Participantdavelj – right. But it was a lost DECADE. That’s a long time. Even at 1/3 the size it doesn’t seem to suggest near-term recovery. Maybe he wasn’t saying near-term. He did say “one day.”
Participant[quote=peterb]Me thinks it’s a distinct possibility in the next panic. [/quote]
I think so, as well.
Participant[quote=peterb]Me thinks it’s a distinct possibility in the next panic. [/quote]
I think so, as well.
Participant[quote=peterb]Me thinks it’s a distinct possibility in the next panic. [/quote]
I think so, as well.
Participant[quote=peterb]Me thinks it’s a distinct possibility in the next panic. [/quote]
I think so, as well.
Participant[quote=peterb]Me thinks it’s a distinct possibility in the next panic. [/quote]
I think so, as well.
ParticipantThe govt hasn’t fooled me, but they may have fooled themselves into thinking this will be an easy re-inflation.
I find myself falling further and further into the near-term deflation camp, though I admit in the long-term when deflation turns to inflation, it may swing quickly as the Fed loses control.
For now and several years, I’m not concerned about my dollars. I have more faith in Mish than anyone. His market calls this year have been quite incredible. I can’t say the same for you, stockstrader, although I do appreciate your posts. When he calls the end of deflation, I’ll pay attention.
I have roughly 20% in gold ETF, 20% in a fund (see below) and the rest dollars. As far as Euros vs. Dollars – they are both going to be printed heavily so I’m not convinced the dollar won’t be fine with respect to other world currencies. That is to say – if the American gov has fooled me, the European union has fooled you.
I own some Quadriga Superfund right now. Have had it for years and it does very well, behaving like a true hedge fund – quite uncorrelated to the market. I may buy more of that.
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