Recent comments

ladyarwenofelves t1_jegz14j wrote

Reply to What was a key turning point in your life that permanently changed it for better or for worse? by ad_imperator

Almost dying of pulmonary emboli. Really puts into perspective what’s important and what’s not. Realized I was living my life for other people and not for myself. Needless to say as soon as I was healthy again I stopped that shit in its tracks. Now I live for me and no one else. Also, I work to live not live to work. When you realize how short your time is you don’t want to spend it making someone else rich or missing out on experiences for a few extra dollars.

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85-900t t1_jegyzzq wrote

Reply to Cash out to pay CC off? by TransitUX

A 401k loan isn't a cash out. You're basically taking money out of your target fund or whatever, and loaning it to yourself. Right now 401k loans are charging you 8-10% (prime plus 0-2%). That interest is put back into your 401k account. Make sure your 401k provider does loans, not all do. Are you sure $30k is available as a loan? Maximum amount is 50% of vested balance (or $50k). If you take/qualify for a personal loan, you'll likely be paying the bank probably around 6-12%.

If you leave your job while the loan is active, you'll have a short period to pay it off or you will have to claim it as a 401k disbursement with a 10% penalty plus normal income taxes. What are the chances your job changes in the next few years?

What are your minimum payments? What's the expected pay back period? You can do up to 60 months. A 3 year loan payment is ~$975.

I personally feel that is an idea that you should entertain. If your budget can't properly support paying the debt back in a reasonable amount of time, paying thousands of dollars in interest per year. That seems dumb to me. As mentioned, the reasons for accruing this debt needs to be addressed or you'll likely end up in the same situation. There are solid amounts of speculation that the market is flat overall for the next 2-3 years. It's not the end of the world to pay in 9-10% on the money not active in the market while the loan is active.

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awgunner t1_jegyzki wrote

Reply to AFCI Outlet Question by Norcine

A few things on the AFI / GFI outlets. The line side goes to the breaker. The load side goes to any continuing outlets. The silver screw goes to your neutral/white wire, while the brass screw goes to the Hot/black wire.

If the test switch doesn't work, then something is either miswired or the outlet is bad.

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