harderthansoft
Senior Member
I currently owe around 23500 out in debt.
8000 is to lending club and is @ 7.0 % interest. Looking at 22 months left to pay.
2100 is alimony with 6 months left to pay.
13241 is a 401k loan with 22 months to pay.
So in 6 months I won't have to pay that 350 alimony anymore. I am wondering if I should get a loan from lending club and pay everything off. Get that 13300 back into my 401k. It's currently setting at 225000. The 13251 could help it grow faster or fall faster. Depending on the stock market.
I would be saving around 600 a month total. But also right now the 401k loan payment each week is pre tax. Any thoughts. I could put the 350 from alimony towards lending tree. Pay it off earlier but I probably wouldn't.
8000 is to lending club and is @ 7.0 % interest. Looking at 22 months left to pay.
2100 is alimony with 6 months left to pay.
13241 is a 401k loan with 22 months to pay.
So in 6 months I won't have to pay that 350 alimony anymore. I am wondering if I should get a loan from lending club and pay everything off. Get that 13300 back into my 401k. It's currently setting at 225000. The 13251 could help it grow faster or fall faster. Depending on the stock market.
I would be saving around 600 a month total. But also right now the 401k loan payment each week is pre tax. Any thoughts. I could put the 350 from alimony towards lending tree. Pay it off earlier but I probably wouldn't.