Any "Latest & Greatest" about Delta?
05-24-2013, 02:00 PM
Gets Weekends Off
Joined APC: Apr 2008
Posts: 581
Far from pro,
But depending on your discipline,asset exposure and diversification; I am a proponent of borrowing money from one self (401K) to leverage into a Real Estate purchase. From what I recall you can borrow up to 50K on a 10 year payback with around 4% interest.
But depending on your discipline,asset exposure and diversification; I am a proponent of borrowing money from one self (401K) to leverage into a Real Estate purchase. From what I recall you can borrow up to 50K on a 10 year payback with around 4% interest.
(Disclaimer: I've never borrowed from my 401K)
From what I've read (on the Internet, so it must be true, right?) borrowing from one's 401K is a last resort. For example:
8 Reasons To Never Borrow From Your 401(k)
Thinking of Borrowing Against Your 401k? Here's What You Need to Know | DailyPerk
401(k) Loans - Nine Things to Know About Borrowing from Your 401(k)
Perhaps I'm missing something (likely) but I don't see the advantage...
Suppose I borrow $50K and I pay myself 4% interest. That money is "growing" at 4% per year.
In the period 1928 to 2010, stocks earned an average of 11.3 percent, according to U.S. News and World Report.
So assuming average long term returns, I'm losing a net 7.3% on that 50K loan.
This strikes me as a bad deal. Please tell me what I'm missing.
05-24-2013, 02:19 PM
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
I.love the periods between words...
05-24-2013, 02:33 PM
Gets Weekends Off
Joined APC: Oct 2008
Posts: 273
I have a 401K loan out right now and I am paying myself back 6% interest. The bad part is I am make more than 6% on my 401K investments, so I am losing money. The good thing is I am paying myself back the interest and not a bank.
The mistake I made is I have maxed out my 401K so when I needed some money it was all tied up long term. I took out a loan and I am now paying it back to myself. I still max out my 401K because it's hard to get to and the smart thing to do, but knowing if I need it I can get it satisfies my financial needs.
The mistake I made is I have maxed out my 401K so when I needed some money it was all tied up long term. I took out a loan and I am now paying it back to myself. I still max out my 401K because it's hard to get to and the smart thing to do, but knowing if I need it I can get it satisfies my financial needs.
05-24-2013, 03:20 PM
Gets Weekends Off
Joined APC: Mar 2008
Posts: 3,907
They even give you back the buttons the machine spits out.
To be fair, if you take your change to Publix and take a Publix Gift card, it is no fee as well.
Nu
05-24-2013, 03:52 PM
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
BA Plane 'On Fire' Over Central London
I think they said one engine failed and the one running was on fire?
Child's play for an MD-88.
I think they said one engine failed and the one running was on fire?
Child's play for an MD-88.
05-24-2013, 03:59 PM
Da Hudge
Joined APC: Oct 2006
Position: Poodle Whisperer
Posts: 17,473
BA Plane 'On Fire' Over Central London
I think they said one engine failed and the one running was on fire?
Child's play for an MD-88.
I think they said one engine failed and the one running was on fire?
Child's play for an MD-88.
05-24-2013, 04:13 PM
Gets Weekends Off
Joined APC: Jul 2006
Position: Boeing Hearing and Ergonomics Lab Rat, Night Shift
Posts: 1,724
contract maintenance
seriously though, both engines shedding the cowls is most likely caused by improperly latched cowls...
Not hard for a departing cowl to tear an oil or hydraulic line...
Normally when improperly latched, they tear off and all is well:
Cheers
George
05-24-2013, 04:40 PM
Gets Weekends Off
Joined APC: Dec 2009
Position: 737n/FO
Posts: 667
YMMV
My suggestion, stay FAR, FAR, ...............FAR AWAY from USAA Mortgage Services!! 
I recently purchased a property through USAA Mortgage & it was, by far, the worst experience I've ever encountered! If I wasn't pushing the expiration if the contract, by almost missing the closing date, I would've dropped USAA like a hot lava rock in Hawaii.
There are also at least two threads in the "military" section of this forum on how horrible they are, & how people have discontinued their business with USAA after XX years. I still have my banking & insurance through USAA, but only because I haven't taken the time to transfer my accounts to another bank.
I'd recommend, & plan on doing the same when I purchase an additional property, is to go through your local hometown bank. Yes, they're still bound by the Federal Banking regulations, but it's so much nicer to be able to talk with someone in-person about a question either they or the underwriter's have, versus having to try and explain it to "one of a thousand" call center representatives, who are just trying to make sure you have a "pleasant experience during your phone call today, sir/ma'am".
Just my $0.02. Good luck.
GJ
I recently purchased a property through USAA Mortgage & it was, by far, the worst experience I've ever encountered! If I wasn't pushing the expiration if the contract, by almost missing the closing date, I would've dropped USAA like a hot lava rock in Hawaii.
There are also at least two threads in the "military" section of this forum on how horrible they are, & how people have discontinued their business with USAA after XX years. I still have my banking & insurance through USAA, but only because I haven't taken the time to transfer my accounts to another bank.
I'd recommend, & plan on doing the same when I purchase an additional property, is to go through your local hometown bank. Yes, they're still bound by the Federal Banking regulations, but it's so much nicer to be able to talk with someone in-person about a question either they or the underwriter's have, versus having to try and explain it to "one of a thousand" call center representatives, who are just trying to make sure you have a "pleasant experience during your phone call today, sir/ma'am".
Just my $0.02. Good luck.
GJ
05-24-2013, 04:43 PM
Da Hudge
Joined APC: Oct 2006
Position: Poodle Whisperer
Posts: 17,473
That's easy...
contract maintenance
seriously though, both engines shedding the cowls is most likely caused by improperly latched cowls...
Not hard for a departing cowl to tear an oil or hydraulic line...
Normally when improperly latched, they tear off and all is well:
Cheers
George
contract maintenance
seriously though, both engines shedding the cowls is most likely caused by improperly latched cowls...
Not hard for a departing cowl to tear an oil or hydraulic line...
Normally when improperly latched, they tear off and all is well:
Cheers
George
05-24-2013, 05:18 PM
Gets Weekends Off
Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
I'm in the process of refinancing to a 15 year loan at 2.75 with an APR about 3.00%. Payment stays the same (+ or - $30) and I cut off three and half years worth of payments. (Have 18.5 years to go on a 20 year loan at 3.875%) No out of pocket expense except for the appraisal which got waived. Should sign the papers on Tuesday.
Denny
Denny
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