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Mortgage Professor about 401k: 
Second Mortgage Versus 401K Loan
July 10, 2000 "I need $10,000 for a home improvement.  I can either take out a home equity loan or I can borrow from my 401K retirement fund.  Would the tax benefits on the home equity loan outweigh the advantage of ... more...

Use Funds in 401K as a Down Payment?
April 19, 2004 "Is it advisable to use funds in my 401K as a down payment?" You don?t want to withdraw funds from a 401K to make a down payment, but you might want to borrow from your account. Whether you do or not should depend on whether it costs more or less than ... more...

401k related definitions

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How To Create An Organized Filing System
Introduction The test of a good filing system is being able to find something when you need it, regardless of how you choose to organize it. However, there are two basic approaches to setting up a filing system: Establish categories for like items by subject (e.g., Hobbies) Establish an index ... more...

The Economy's Greatest Depression Downturn Ever Is Now Just A Few Years Away
What really controls the economy? Forget interest rates, forget deficits, forget the Fed, forget IRAQ, forget which party is in office. In fact, forget just about everything that permeates the news. The greatest force that has controlled the long-term trend of the economy for at least the last ... more...

7 Secrets to Having a Financially Healthy Family
How many times have you replied "We don't have the money for that" when your child asks you to buy him something? His innocent reply is "Get some from the machine or the bank". You think to yourself, "If only it were that easy". Managing money is a tough concept for children to grasp, and ... more...

Five Sure Fire Way to Secure Your Financial Future
You can be poor when youre young, but you cant be poor when youre old. That was the tag line used some years ago in a financial services television commercial.Truer words were never spoken.I was relatively poor when I was young. Just about everybody I knew was and it was kind of fun. We lived an ... more...

Seven Sets of Documents You Need For Your Divorce
Even if you believe your case will ultimately be agreed to and settled without a trial, you will be in a much better position if you already have the relevant documents in your possession. Better safe than sorry.You should locate the relevant documents, make copies, and keep them somewhere secure, ... more...

Tax & Financial Impacts of Divorce: 10 Mistakes to Avoid
Divorce is something no one hopes will happen to them when they get married. Unfortunately, almost half of all marriages end in divorce. Since few people have pre-nuptial agreements, most divorces involve often bitter tangles over children, money, and assets. When it comes to the tax and ... more...

How Do I Prepare for Retirement?
When the day finally arrives, will you be ready? What do you need to do? How do you need to prepare? Well, if you are over 10 years from retirement, then just sock away tons of money in your 401k for now. This article is focusing on people a little closer to retirement.So you are about 10 ... more...

Life Insurance Basics
One of the most important things you can do as parents is to ensure the financial welfare of your children in the event of your death. Life insurance is the best way to be rest assured that your children will be taken care of if you die. Although we never like to think of that kind of thing ... more...

Why Buy Life Insurance?
Love. Yes, thats right. Love for your spouse, children, family, or even your school. This insurance provides financial protection for your family and friends when you die. There are basically two types of life insurance Term and Permanent.Term life insurance provides insurance for a specific ... more...

How Do I Calculate How Much Life Insurance I Need?
Life insurance protects you and your family from economic hardship as a result of death. It is an insurance companys obligation to pay the recipient of your choice a pre-determined amount of money when you die in exchange for timely payment of premiums while you are living.Do you really need life ... more...


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