The stock market

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Anyone ever borrow from their 403b before the age of 59?

Just curious as a coworked said she did it. Took out money to buy a car and is paying back at 4% but shes basically paying herself principal and interest as the money goes back into her account. Reading conflicting information.........

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This whole thing confuses the piss out of me
Employment figures look good so that means everybody is doing well and has money to spend so thats a bad thing because it causes demand and inflation???

Thats the way Im interpreting it anyway?‍♂️?‍♂️

Anyone ever borrow from their 403b before the age of 59?

Just curious as a coworked said she did it. Took out money to buy a car and is paying back at 4% but shes basically paying herself principal and interest as the money goes back into her account. Reading conflicting information.........

I never did it but yes it can be done. Depends on the plan you are in. Some allow some do not. I speak most about a 401k. 403b are basically the same.

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This whole thing confuses the piss out of me
Employment figures look good so that means everybody is doing well and has money to spend so thats a bad thing because it causes demand and inflation???

Thats the way Im interpreting it anyway?‍♂️?‍♂️

Blah blah blah - Here you go..........................:)

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The national debt has increased $4.7 trillion since Biden took office in January 2021, and is expected to keep rising in the face of annual budget shortfalls of at least $1 trillion per year. So far in fiscal year 2023, the government has spent $1.16 trillion more than it has collected and the Biden administration is predicting a $1.5 trillion budget deficit when the fiscal year ends in September.

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See above.

The national debt has increased $4.7 trillion since Biden took office in January 2021, and is expected to keep rising in the face of annual budget shortfalls of at least $1 trillion per year. So far in fiscal year 2023, the government has spent $1.16 trillion more than it has collected and the Biden administration is predicting a $1.5 trillion budget deficit when the fiscal year ends in September.

Too much money still being injected!!

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One thought.

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