Leaderboard

Wouldn't you retain the same firm who did the appraisal(s) the previous year(s)?

Observations on the double taxation of the interest: Someone is going to pay taxes on the interest. It can either be you or a bank you borrow the funds from. I would add too many people let the tax tail wag the dog. You are still better off after double taxation paying it to yourself than the bank as long as the double tax rate is less then 100%. Simple example: You are going to pay $100 in interest on a loan regardless of the source of the loan. If you pay it to a bank you have $100 leaving your net worth. If you pay the 100 to yourself and your effective rate of taxes because of double taxation is a whopping 80%. That means you will pay $80 to Uncle Sam and have $20 still as part of your net worth. Which one are you better off with? I am ignoring opportunity costs of what your 4k funds could have earned if they are stayed in the 4k plan. I think that can be real but it isn't a tax question. If you are looking at taxes and only taxes a 4k loan isn't a bad deal. These loans can be a bad deal but it is the other reasons people talk about. Too many people get the tax issue wrong on these loans wrong.

To the extent (if any) the group health plan uses a health insurance contract, consider whether a relevant State's insurance law or the contract might provide opportunities different than those of Federal-law COBRA.

Yep. It annoys me to no end. And try having this conversation with one of their screen readers in "customer service" and see if you have any hair left on your head when the call is over...