Take 401k and pay off home

[Classic]

Borrow the money from the 401k, no taxes, and you pay yourself the payment and keep the interest in the 401k.

Best idea here. No tax hit and the only person you are paying back is yourself. Just don't do something stupid and borrow against your house after you pay it off because you will always need a place to live so don't mess with it. You cant retire with a house payment and at 39 years old you have time to rebuild the nest-egg. I retired at 55 (almost 57 now) and I paid my house off 16 years before I retired.

 

[Classic]

What you REALLY want to do, in terms of your money, is pay attention to past performance and fact. The facts of the matter are clear that Dems give you a better return than Reps. Cashing out based on based on what you feel is never a good idea. It's your money, do what you want. But for me, I pour money into my stocks any time Dems are in power.

Hmmm the largest gain the dow ever made was 247% during the Regan era. To my knowledge he was a republican. Both sides have had bad presidents... Carter, Bush and mister spend 7 trillion more than he brings in Obama. An easing monetary policy drives the market regardless of who is in power

 

[2506]

Hmmm the largest gain the dow ever made was 247% during the Regan era. To my knowledge he was a republican. Both sides have had bad presidents... Carter, Bush and mister spend 7 trillion more than he brings in Obama. An easing monetary policy drives the market regardless of who is in power

Um...no.

Historical Index Data - Markets Data Center - WSJ.com

 

[Classic]

Um...no.

Historical Index Data - Markets Data Center - WSJ.com

Ummmm yes
<broken link removed>
&#9830; 1977-1980 (Democratic &#8212; Carter): Down 3 percent.

&#9830; 1981-1992 (Republican &#8212; Reagan, G.H.W. Bush): Up 247 percent.

&#9830; 1993-2000 (Democratic &#8212; Clinton): Up 236.7 percent.

&#9830; 2001-2008 (Republican &#8212; G.W. Bush): Down 12.1 percent.

&#9830; 2009-2012 (Democratic &#8212; Obama): Up 36.2 percent through Tuesday.

 

[2506]

Not that I don't trust newspapers (I don't), but it's not with a little irony that I use Reagan's Words To Live By: trust, but verify.
Here's my math: I found the historical close of the Dow on the the first and last day of each presidency (January 20th) and calculated the percentage of the delta.
77-81 -0.87%
81-89 135.17%
89-93 45.03%
93-01 226.29%
01-09 -24.89%
09-12 60.02% (incomplete data)

The net takeaway from this exercise is the same thing I tell everyone: the stock market is a long-term investment
DJIA historicals can be found here:
Where Did The DJIA/NASDAQ/S+P 500 Trade On...

 

[Certaindeaf]

And that's the DOW.. many sectors and individual stocks have well outperformed the DOW, of course. Bottom line, if you get 10% annually, you can't really byatch at all.