Hi,Why don't you take the loan out and pay the monthly payment with the Roth funds until you find a job? Then decide what to do about keeping the loan or paying it off. If you don't find a job in 3-9 months, then consider paying it off with the Roth.
Even with higher rates compared to the past few years - interest on a 17k car loan is not that much to keep your liquidity in the Roth for now.
I know it's not an ideal option, but keeping liquidity in the Roth could be a better option at this time.
I'm not sure I understand the logic behind taking out the money from the. Roth funds and taking out a loan at the same time.
I'm reconsidering just taking out a loan. We are letting our emotions get the best of us. With the one income we bring in, perhaps taking out a loan and leaving my Roth is the way to go.
Statistics: Posted by MoolaGrow — Fri Mar 01, 2024 2:43 am — Replies 9 — Views 838
