Flying Squid@lemmy.world to Microblog Memes@lemmy.worldEnglish · 10 months agoMy plan is to crumble with it.lemmy.worldimagemessage-square239fedilinkarrow-up11.44Karrow-down135
arrow-up11.4Karrow-down1imageMy plan is to crumble with it.lemmy.worldFlying Squid@lemmy.world to Microblog Memes@lemmy.worldEnglish · 10 months agomessage-square239fedilink
minus-squarefruitycoder@sh.itjust.workslinkfedilinkEnglisharrow-up11·10 months agoYou can also borrow against it sometimes. Basically b3ing a low interest loan to your self with the fees being lower than the penalties
minus-squarejohannesvanderwhales@lemmy.worldlinkfedilinkEnglisharrow-up8·10 months agoYou have to pay it back within 5 years, though.
minus-squarefruitycoder@sh.itjust.workslinkfedilinkEnglisharrow-up4·10 months ago100% its a loan. Useful for things like down payments or cars, etc. Things that help you save money/make money reliably enough to pay it back. Still better interest then any other loan too
minus-squareMsPenguinette@lemmy.worldlinkfedilinkEnglisharrow-up3·10 months agoOr have to pay off the entire loan within a year of leaving the job
You can also borrow against it sometimes. Basically b3ing a low interest loan to your self with the fees being lower than the penalties
You have to pay it back within 5 years, though.
100% its a loan. Useful for things like down payments or cars, etc. Things that help you save money/make money reliably enough to pay it back.
Still better interest then any other loan too
Or have to pay off the entire loan within a year of leaving the job