Ninepoint5
Dryer sheet aficionado
I’ll keep this short and to the point. I owe $18k to repay a 401k loan (4.5%) that I took out 1.5 years ago. I have $25k in EF and another $25k in “mattress” funds for worse case scenarios. This in part was something my dad has instilled in me about having $ close by other than a bank in case something “bad” ever happened and the need for cash was near and outside the banking system.
I know I shouldn’t have that much laying around not working for me. So I guess I’m curious on the thoughts here about should I repay myself and knockout them 401k loan w/ mattress funds or EF? Any insight would be appreciated….
I know I shouldn’t have that much laying around not working for me. So I guess I’m curious on the thoughts here about should I repay myself and knockout them 401k loan w/ mattress funds or EF? Any insight would be appreciated….