Any advice on which is better option? I know the obvious lower interest rate for private loan and no origination fee. But wondering if there is something else I might have missed. Also, does anybody know if the public service loan forgiveness appl...
flyingfish2u replied to flyingfish2u's topic in SRNA
Elkpark...may be I am not explaining it well. Here is a direct quote from http://financialplan.about.com/od/retirementplanning/a/401kloan.htm Double Taxation If you recall, your retirement plan contributions are made on a pre-tax basis. This means t...
flyingfish2u replied to flyingfish2u's topic in SRNA
I think you've answered your own question. "When you repay the loan, you are making the loan payments with money on which you've paid taxes (TAX #1), same as you would if you were repaying a loan you took out using your house or car as collateral. ...
flyingfish2u replied to flyingfish2u's topic in SRNA
Yes, the borrowed money is paid back with post tax income. Then you will have to pay taxes again on your 401k when you withdraw at retirement. Essentially you are taxed twice. It's probably better to roll over the 401k to an IRA; then using it to p...
flyingfish2u replied to flyingfish2u's topic in SRNA
Just wondering what's the advantage of borrowing money from 401k and paying it back with money that has been taxed? Will you will be taxed again when you withdraw at retirement?
AkinaRN congrats on the interview. If you search "kaiser crna interview" there are few threads talking about it. I'm also totally psyched, but nervous. Can't stop thinking about it. Anyhow, I'm interviewing on 2/13. How about you? Wish you the b...
I know what you must feeling. I went through it last year. This is my second time applying. Just figure out what you can improve on and keep trying. You might have missed something pretty simple such as not attending the counseling session. Don't...
I got an invite for interview too!!! I set my expectation pretty low this year. I was not expecting this. Not sure if should be happy. I feel more nervous now!