Steve (Caller)
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Appearances Over Time
Podcast Appearances
Yeah, 14.
That's awesome, guys.
We are debt-free!
I inherited an IRA from my father.
It's got $29,000 in it.
I was wondering if I should cash that out and pay off a couple of loans that I have.
Yes.
Well, that's a good answer.
A $9,000 loan that I had taken out from my 401k, I have $9,000 left on my mortgage, and I have a $14,000 boat loan and no other debt.
Yeah, I don't know.
No, that's nice, too.
It's just that I've been paying it for a long time.
I've got about $10,000 in cash, and I've got about $500,000 in my 401k.
I'm sorry, say that again?
Right.
Well, they'll take the taxes out immediately, I believe.
They'll take 20%.
I thought that was how it works.
Yeah, yeah.
What kind of boat is it?