How does borrowing from IRA affect RMD? I’m 27 so this is a hypothetical. And i’m assuming there’s a reason or everyone would be doing this. It’s probably still considered tax evasion by the IRS. RMD’s are calculated based on the 12/31 value of your traditional retirement account. But what if you borrowed the majority of the IRA on 12/30 and put the funds back on Jan 1st? Wouldn’t yo…

Reverse mortgage and ineligible non borrowing spouse To;dr: my 90 year old father is trying to divorce my 75 year old mother to qualify for a reverse mortgage. Is this a thing? Background: My parents house has been on the market for several months without any interest. They have 1.5 months worth of money left to pay the mortgage, taxes and insurance. We have been trying to get them to lower the p…

After 2 years of borrowing my dad’s d3500, finally getting my own camera. What would you guys recommend? Hey everyone, I’m in the market for a new camera and could really use some advice. I’ve been using my dad’s Nikon D3500 for a while now, and I’m ready to buy my own. My main interests are photographing cars and scenery, but I also like to shoot a little bit of everything. I have a budget of up to $1000. I’m looking for something that offers good…

DeFi Trader Eisenberg ‘Wasn’t Borrowing, He Was Stealing,’ Prosecutor Says in Opening Argument The defense countered that Eisenberg “risked 13 million of his own dollars” to net $110 million from Mango Markets.

Turns Out, Borrowing A Car At Gunpoint Is Illegal Police in Memphis, Tennessee are looking for two suspects who stole a 2009 Mercedes-Benz E350 at gunpoint last week only to returned it the next day. Read more…

I know borrowing from your 401k isn’t really a good idea but… What if you borrow to pay off all the debt you have? It’s a much lower interest rate than going to a bank and getting a loan.. sounds like it’ll be much better borrowing from the 401k submitted by /u/trying_dobetter5

24 with solid income, weighing borrowing from 401(k) to pay a specific student loan So as the title says, I am 24 years old and have about $39k saved in my Roth 401(k) which is fully vested plus a very modest ~$1500 Roth IRA. I have around $38k in student loans which I have been saving money to pay off after graduating and using to invest rather than pay during the subsequent interest/payment pause since 2020. This includes 11 …

Debt Downgrade, Driven by Partisanship, Is Unlikely to Deter Borrowing Fitch’s credit-rating decision stemmed from concerns about America’s ability to govern itself, along with the nation’s growing debt load.

Aave Should Block Curve Token Borrowing, Risk Management Firm Proposes An ongoing crisis situation stemming from a large curve token collateral can be prevented by pausing all borrowing activity, Gauntlet argued in a Wednesday protocol.

Traders Pile Into CRV Shorts Amid Concerns Over Curve Founder’s Collateralized Borrowing Traders pile into short positions in the perpetual futures market as potential liquidation of founder’s crypto borrowing may destabilise the broader decentralized finance ecosystem.